Question 25 4 pts 1. A company issued 9%, 15-year bonds with a par value of $460,000 that pay interest semiannually. The market rate on the date of issuance was 9%. The journal entry to record each semiannual interest payment is: Debit Bond Interest Expense $41,400; credit Cash $41,400. O Debit Bond Interest Expense $410,000; credit Cash $410,000. O Debit Bond Interest Expense $20,700; credit Cash $20,700. No entry is needed, since no interest is paid until the bond is due. O Debit Bond Interest Payable $30,667; credit Cash $30,667