$300,000 of 6%, 20-year bonds were sold for $330,000 on January 1. The bonds require semiannual interest payments on June 30 and December 31. The entry to record the June 30 interest payment on the bonds would be to: (Round your final answer to the nearest dollar.)

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The bonds were sold at a premium ($330,000 - $300,000 = $30,000 premium). The semiannual interest payment is $9,000 ($300,000 * 6% / 2). The premium amortization is $750 ($30,000 / 40 periods). Therefore, the interest expense is $8,250 ($9,000 - $750).

$300,000 of 6%, 20-Year Bonds Were Sold for $330,000 on January