Calculator Issuing Bonds at a Discount ). On the first day of the fiscal year, a company issues a $6,300,000, 9%, 5-year bond that pays semiannual interest of $283,500 ($6,300,000 x 9% receiving cash of $5,825,129. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Interest Expense Discount on Bonds Payable Cash Previous Next > 56 PM 0444