Madrid Company plans to issue 9% bonds on January 1, 2017, with a par value of $4,100,000. The company sells $3,690,000 of the bonds at par on January 1, 2017. The remaining $410,000 sells at par on July 1, 2017. The bonds pay interest semiannually as of June 30 and December 31. 1. Record the entry for the first interest payment on June 30, 2017. View transaction list Journal entry worksheet < 1 Record the entry for semiannual interest paid. Note: Enter debits before credits. Date General Journal Debit Credit