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Question 51 Greenwich Company issues $2,000,000 face value. 9%, 10 year bonds payable on January 1. Year 1. Interest is paid semiannually each June 30 and December 31. The bonds sell at a price of 98; Greenwich used the straight-line method amortizing bond discount or premium. The e e entry made by Greenwich on June 30. Year 1 to record the first semiannual payment of interest and amortization of any discount or premium includes: a debit to Band Interest Expense for $90,000 a credit to of Cash of $92,000 a debit to Discount on Bonds Payable for $2.000 a debit to Bond Interest Expense for $92,000