11 View Policies Current Attempt in Progress Green Hills Ltd. issued five-year bonds with a face value of $120,000 on January 1. The bonds have a coupon interest rate of 5% and interest is paid semi-annually on June 30 and December 31. The market interest rate was 4% when the bonds were issued at a price of 109. Determine the interest expense recorded for the six months ending June 30 when the first interest payment is made. Interest expense eTextbook and Media 4 Determine the balance in the Bonds Payable account immediately following the first interest payment. Balance in bonds payable account