Multiple Choice Question A company issues $100,000 of 5%, 10-year bonds dated January 1 that pay interest semiannually on June 30 and December 31 each year. If bonds are sold at par value, the issuer records the first semi-annual interest payment with a debit to which of the following accounts and in what amount? O Interest Payable, $5,000 O Interest Expense, $5,000 O Cash, $2,500 O Interest Expense, $2,500 4 Reading