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On January 1. a company issues bonds dated January with a par value of $730,000. The bonds mature in 3 years. The contract rate is 10% and interest is paid semiannually on June 30 and December 31. The bonds are sold for $718,000. The Journal entry to record the first interest payment using straight line amortization is Multiple Choice Debit Bond Interest Groente 336,500, credit Premum on Bonds Payabile $2.000, credit Cah $34.500. Debit hond beterest Expense $34,800, On Discount on tons Payable $2.000 credit Cnh $96.500 Detit Bond interest Expense $36,500 credit can $36,500 Debt Bond Interest Expense $38.500 credit scout on Bonds Payable $2,000 credit Cash $36.500 Debit interest Payable $4.500, Credit Cash $36.500