The Big Event Group sold $200,000 of 10-year bonds for $220,000. The face rate on the bonds was 9% and interest is paid annually on December 31. What entry would be made on December 31 when the interest is paid? (Numbers are omitted.) Interest Expense Bonds Payable Cash Interest Expense Premium on Bonds Payable Cash Interest Expense Premium on Bonds Payable Cash Interest Expense Cash