Q9-66 (similar to) Question Help McPartlin Corporation issued $350,000 of 10%, 10-year bonds payable on January 1, 20X0 for $275,695. The market interest rate when the bonds were issued was 14% Interest is paid semi-annually on January 1 and July 1. The first interest payment is July 1, 20x0 McPartlin's journal entry to record the interest expense on July 1 20x will include a O A. debit to Premium on Bonds Payable OB credit to interest Expense C. debit to Bonds Payable OD. credit to Discount on Bonds Payable