Transcribed image text: 10. On January 1, 2020, XYZ Company sold bonds with a face value of $1,000,000 at 970,000 a yield of 11%. Interest is payable semiannually at 10% on July 1 and January 1. The entry to record the July 1, 2020 interest payment will include: (2 Points) a debit to Bonds Payable for $50,000. O a debit to interest Expense for $48,500. O a credit to Cash for $110,000, a debit to Interest Expense for $53,350