The entry to record the semiannual interest payment on bonds that were issued at par value includes a:

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To record a semiannual interest payment on bonds that were issued at par value, we need to debit the Interest Expense account and credit the Bond Interest Payable account. This is because the bondholders are entitled to receive interest payments at a specified rate, even if the bonds were issued at par value. Therefore, there is no need to adjust the bonds payable or the discount on bonds payable accounts at this time.

The Entry to Record the Semiannual Interest Payment on Bonds