q5...fast

Question 5 1 points Save Answer A company issued 5%, 15-year bonds with a par value of $550,500 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 $22,020; credit Cash $22,020 Debit Bond Interest Expense $22,000, credit Cash $22,000 O Debit Bond Interest Expense $44,000, credit Cash $44,000 O Debit Bond Interest Payable $22,020; credit Cash $22,020