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Question 2 1 points Save Answer A company issued 8%, 15-year bonds with a par value of 5550,000 that pay interest semiannually. The market rate on the date of issuance was 8%. The journal entry to record each semiannual interest payment is: Debit Bond Interest Expense $22.000 credit Cash $22,000. Debit Bond Interest Expense $550,000: credit Cash $550.000 Debit Bond Interest Expense 544,000; credit Cash $44,000. Debit Bond Interest Payable $22,000 credit Cash $22,000