On January 1, a company issues bonds dated January with a part of $130.000. The bonds mature in Stars The contract and interested in on June 30 and December 31 The markets is 10% and the bands are sold for $317254 The journal entry to record the first intust payment in the amortization is Debit Interest Expense $16.124.60credit Premium on Bonds Payable 51274 60, credit Cash 514 850.00 Debit Interest Payable 514,850,00, credit Cash $14,850 00. Debit Interest Expense $14,850.00, credit Cash 514850.00 Debit interest Expense $13,575.40, debit Discount on Bonds Payable 51274,60, credit Cash S14 850.00 Debit interest Expense 516,124 60 credit Discount on Bonds Payable St27460, credit Cash $5485000