The Designer Company issued 10-year bonds on January 1. The 5% bonds have a face value of 8720,000 and pay interest every January 1 and ruly 1. The bonds were sold for $606,710 based on the market interest Designer h ective interest method to amartire bond discounts and premiums. On July 1 of the first year, Designer should record interese pense (round to the newest dollar of 15.168 Je 51.250 TTILIIT Surge for Grade z The following totals for the month of June were taken from the payroll register of Arcon Company Salaries expense Social security and Medicare taves withheld Income taxes withheld Retirement savings The entry to recorde d debt to sa y for $13,100.00 b. debit to Salaries Payable for $11, 352.50. c. credit to Sales Expense for $11,352.50 Od credit to salaries Povable for $11.352.50. Check My Work Previous Next > martor Save and Stre e t for Grading SRAM