actice! Issuing Bonds at a Discount Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $5,900,000, 12%, 5-year bond that pays semiannual interest of $354,000 ($5,900,000 x 12% x 2) receiving cash of $5,687,929. ournalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 5,687,929 Discount on Bonds Payable Bonds Payable 5.900.000 Submit Answer Try Another Version Save and Exit You must finish your in-progress quiz take before you can submit your assignme Cengage Learning Cengage Technical Support Options No results Practice! Discount Amortization Discount Amortization ). On the first day of the fiscal year, a company issues a $8,900,000, 9%, 9-year bond that pays semiannual interest of $100,500 (50,900,000 x 9% * receiving cash of $8,379,813. Journalize the first interest payment and the amortization of the related bond discount, Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Submit Answer Try Another Version Save and Exit You must finish your in progress quiz take before you can submit your assignm Cenyare Learning Centre Technical Support