not answered ye A company issued 8%, 15-year bonds with a par value of $550,000. The current market rate is 8%. The journal entry to record each semiannual interest payment is: O A. Debit Bond Interest Expense $22.000: credit Cash $22.000. B. Debit Bond Interest Expense 544,000 credit Cash $44,000 C. Debit Bond Interest Expense $36.667; credit Cash $36.667. D. Debit Bond Interest Expense 5660,000 credit Cash 5660,000. E.To entry is needed, since no interest is paid until the bond is due