650 PE 14-5A Issuing bonds at a premium OBJ. 3 On the first day of the fiscal year, a company issues a $2,000,000, 8%, five-year bond that pays semiannual interest of $80,000 ($2,000,000 x 8% x V), receiving cash of $2,170,604. Journalize the bond issuance. 650 PE 14-5B Issuing bonds at a premium OBJ. 3 On the first day of the fiscal year, a company issues an $8,000,000, 11%, five-year bond that pays semiannual interest of $440,000 ($8,000,000 11% %), receiving cash of $8,308,869. Journalize the bond issuance