On January 1 a company issues bonds dated January 1 with a par value of $450,000. The bonds mature in 5 years. The contract rate is 10% and interest is paid semiannually on June 30 and December 31 The market rate is 11% and the bonds are sold for 5433.026. The journal entry to record the second interest payment using the effective interest method of amortization is Multiple Choice O Debit interest Expense 52083.57, debit Premium on Bonds Payable 51346 43. credit Cash $22.500.00 O Debit interest Payable $22.500.00, credit Cash $22.500,00 O Debit interest Expense S2U83 57. debit Discount on Bonds Payable $13163.credit Cash $22.500.00 Debit interest Expense S23.816 43. credit Discount on Bonds Payable $2316 43. credit Cash $22.500.00