MC Qu. 131 A company issued... A company issued 5-year, 7% bonds with a par value of $100,000. The market rate when the bonds were issued was 6 5%. The company received bonds. Using the straight line method, the amount of recorded interest expense for the tirst semannuat interest pentod is: $3,289.50 $3,500.00 $3,613.70 $6.633.70