Question: Question 10 (2.5 points) The following data is used for THREE questions. (2 of 3), Salley Company issues $5,000,000 face value, 6%, 10-year bonds payable

Question 10 (2.5 points) The following data is used for THREE questions. (2 of 3), Salley Company issues $5,000,000 face value, 6%, 10-year bonds payable on January 1, 2020. Interest is paid semi-annually each June 30 and December 31. The bonds sell at $5,100,000. Salley uses the straight-line method of amortizing bond discount or premium. The journal entry to record the first semi-annual interest payment on June 30 would include: O Credit to Interest Expense, $5,000. Debit to Interest Payable, $150,000. Credit to Cash, $145,000. O Debit to Interest Expense, $145,000

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