Kenley Corporation issued $500,000 of 7%5 year bonds at 103 on January 1st and interest payment date. Interest is paid every six months. Record the entry to issue the bonds and the first semiannual interest payment. Kia Inc. issued $600,000 of 6%15 year bonds at 96 on January 1st and interest payment date. Interest is paid every six months. Record the entry to issue the bonds and the first semiannual interest payment