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X CengageNOWV2 Online teacX + mepage - Depa.. Blue Demon Domai. Microsoft Office H... >> Other Book On the first day of the fiscal year, a company issues a $950,000, 9%, 5-year bond that pays semiannual interest of $42,750 ($950,000 x 9% x 1/2), receiving cash of $884,178 Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank Cash 884,178 65,822 Discount on Bonds Payable Bonds Payable 950,000