Moving to another question will save this response. Question of Question 1 1 points On January 1, a company issued and sold a $400,000,7%, 10-year bond payable, and received proceeds of $395.000 interest is payable each June 30 and December 31. The company uses the straight line method to amortize the discount. The journal entry to record the first interest payment Debit Bond Interest Expense 528,000; Credit Cash $28.000 Debit Band interest Expense 513,800, debit Discount on Bonds Payable $200 credit Cash $14.000 Detit Bond Interest Expense $14,200, credit Cash S14,000 credit Discount on Bonds Payable 5.200. Debit Bond interest Expense $14.000 debit Discount on Bonds Payable $200 credit Cash $14.200 Quest Moving to another question will save this response OEM 2 OF C O E Your answers are saved automatically Question Completion Status Moving to another question will save this response Question 2015 Question 2 1 points A company issues bonds with a $100.000 par value, an annual contractate, sensual interest payments, and a five years. The bond sold for 107850. Teeny to recorde Issuance of the bonds will include: credit to Premium on Bonds Payable of 7,850 Adebat interest Expense of ST 850 A debito Discount on Bonds Payable of $7.850 Acredits Cash of 100.000 KO More to another bustion will see this response O 70' Ca o 1 s