Moving to another question will save this response Question 20 of 27 estion 20 3 points On January 1, a company issues bords dated January 1 with a par value of $320.000 The bonds mature in 5 years. The contract rates and interest is paid semiannual onune 30 and December 31 The market rate is 6% and the bonds are sold for $333.650. The journal entry to record the first interest payment using the effective interest method of amortization is (Rounded to the nearest dollar) Debit Bend Interest Expense 12,565.00 credit Premium on Bonds Payable 51.365.00, credit Card 511,200.00 Debet Bond Interest Expense $10,010, debit Premion on Boods Payable 51.190, credit Cash $11.200 Debit Interest Payable $11.200 00, credit Cash $11,200.00 Debit Bond Interest Expense 59,83500, debit Premium on Bonde Payable 51,365.00, credit Cash $11,200.00 De Dodates Expose 510 01000, D B P 51.19000 $11.20000