Question 7 (2 points) On January 1, 2019 Blue Light Analytics issued a $1,000,000 bond with a 4% coupon rate and a maturity date of December 31, 2023. Interest is paid semi-annually on June 30 and December 31. The market interest rate is 6%. The company has a year-end of December 31. Please round all answers to the nearest whole dollar. Required What is the journal entry the company would record on June 30, 2019? Dr: Interest Expense 20,000/ Cr: Cash 20,000 Dr: Interest Expense 28,559 / Cr: Bonds Payable 8,559 / Cr: Cash 20,000 None of the above Dr: Interest Expense 29,805 / Cr: Bonds Payable 9,805 / Cr: Cash 20,000 Dr: Interest Expense 27,441 / Cr: Bonds Payable 7,441 / Cr: Cash 20,000 Question 8 (2 points) MacBook Air