q1

Question 1 of 5 Question 1 1 points Save Answer A company issued 8%, 15-year bonds with a par value of $550,500 that pay interest semiannually. The market rate on the date of issuance was 8%. The joumal entry to record each semiannual interest payment is: Debit Bond Interest Expense $22,020; credit Cash $22,020 Debit Bond Interest Expense $22,000; credit Cash $22,000 O Debit Bond Interest Expense $44,000; credit Cash $44.000. Debit Bond Interest Payable $22,020, credit Cash $22020