Queen City Rentals issued 10%, 20-year bonds with a par value of $600,000 that pay interest semiannually. The market rate on the date of issuance was 10%. The journal entry to record the bond issuance is: Debit Bond Interest Expense $600,000; Credit Cash $600,000 Debit Bonds Payable $600,000; Credit Cash $600,000 Debit Cash $600,000; Credit Bond Interest Expense $600,000 Debit Cash $600,000; Credit Bonds Payable $600,000