MC Qu. 158 On January 1, a company.. On January t, a company issues bonds dsted January 1 with a par value of $780,000. The bonds mature in 3 yeers The contract rae semiannually on June 30 and December 31. The bonds ore sold for $768,000. The journmal entry t record the first interest payment using straight Ine amortlzation is points Debit interest Expense S35, crede Premium on Bonds Pyable S200, credt Cash Snoo. Debit Interest Expense $35.00 credt Cesh $35,100 Debit Interest Payable $35,300 credit Cash $35,100 Debit Interest Expense $33100 debit Discount on Bonds Payable $2000, credit Cash $35,300 Debit Interest Expense $37100 cnedit Discount on Bonds Payable $2,000, creit Cash $35100 Prex 18 of 20 Next > 6 9 2