why is the first entry interest expense not bond payable?

On Jan. 1 , Year 1 , Foxcroft Inc. issued 120 bonds with a face value of $1,070 for $131,600. The bonds had a stated rate of 9% and paid interest semiannually. What is the journal entry to record the first payment to the bondholders? If an amount box does not require an entry, leave it blank