A $530,000 bond issue on which there is an unamortized discount of $36,000 is redeemed for $463,000. Journalize the redemption of the bonds If an amount box does not require an entry, leave it blank. On the first day of the fiscal year, a company issues an $409,000, 8 % , five- year bond that pays semiannual interest of $16,360 ($409,000 x 8 % x 1/2 ) , receiving cash of $384,500. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank. On the first day of the fiscal year, a company issues a $980,000, 8 % , five-year bond that pays semiannual interest of $39,200 (980,0b0 x 3% x 1/2), receiving cash of $884,177 Required: Journalize the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account titles General Journal Journalize the entry to record the issuance of the bonds on July 1. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL CREDIT DEBIT POST, REF DESCRIPTION DATE 2