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Question 7 (1 point) Saved On January 1, 2022, Sylvie Company issues bonds with a face value of $4,000,000 and a stated rate of

Question 7 (1 point) Saved On January 1, 2022, Sylvie Company issues bonds with a face value of $4,000,000 and a stated rate of 4%. Interest is payable SEMIANNUALLY on June 30 and December 31. The bonds are issued AT PAR (i.e., the market rate of interest is also 4% on the date of issue). What journal entry will the company make to record the first interest expense journal entry on June 30, 2022?

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