Suppose a company issues $500,000 of 4% bonds, due in 5 years, with interest payable semiannually. The bonds are issued at face amount. What would the company record at the time of issuance? Multiple Choice Debit Cash $500,000; debit Interest Expense $100,000; credit Bonds Payable $500,000; credit interest Payable $100,000 Debit Cash $400,000; debit Interest Expense $100,000; credit Bonds Payable $500,000. Debit Cash $500,000; credit Bonds Payable $400,000, credit interest Payable $100,000. Debit Cash $500,000; credit Bonds Payable $500,000