Kenley Corporation issued $500,000 of 7%5 year bonds at 98 on January 1 st 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 102 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