Queen City Rentals issued 7%, 15-year bonds with a par value of $510,000 that pay interest semiannually. The market rate on the date of issuance was 7%. The bonds were issued at par value. The journal entry to record each semiannual interest payment is: Debit Bond Interest Expense $17,850; credit Cash $17,850. Debit Bond Interest Expense $460,800; credit Cash $460,000. Debit Bond Interest Payable $34,000; credit Cash $34,000. Debit Bond Interest Expense $35,700; credit Cash $35,700