On January 1, a company issued and sold a S39 3,000, 6%. 10-year bond payable and received p December 3t. The company uses the straight line method to amorize the discount. The journal entry to recard the first interest payment is oceeds of S3880 Interest is payable each June 30 and Multiple Chace Debit Bond Interest Expense $11790, debit Dis.count on Bands Paysble $ 250, credt Cash $12040 Debn Bond nterest Expense $12.040 credt Cash $1.790, arean Dis count on Bands Payabe $25o Debit BondInterest Expense $23.580, credn Cash $23.580 Debit Bond Interest Expense S11.790 credit Cash S11.790 Debt Band Interest Expense $11,540 debit Discount on Eonds Payable $250, cr en Cash $179o On Janusry t a campany issues boncds dsted January 1 with a par value of $280,000. The bonds mature in 5 years The contraa rote is 9%, and interest is paid semannually on June 30 and December 31. The markertateis 8% and the Cs are soldfor $291365 Thejornal entry to record thefirst interest payment using strai t line amonization is 'Rounded to the nearest diollar. dolar. Debe Inter est Payable $12,600 aedt Cash $12600 Debt Bond imerest Epense $13,737ae Dicount on Bonds Paysble $113h 12600 Dobt Bond Inter et Expenso $1m463 Premun on Bonds Payable 3 reCash $12600 uro Dete Bond inter ea Epese $11.463: dett Discount on Bonar,yste