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EE 14-35 PE 14-3A Issuing bonds at a discount ). 3 On the first day of the fiscal year, a company issues a $1,200,000. 9%,

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EE 14-35 PE 14-3A Issuing bonds at a discount ). 3 On the first day of the fiscal year, a company issues a $1,200,000. 9%, five-year bond that pays semiannual interest of $54,000 ($1,200,000 x 9% x V), receiving cash of $1,153,670. Journalize the bond issuance. w LE 14-36 PE 14-38 Issuing bonds at a discount OBJ. 3 On the first day of the fiscal year, a company issues a $3,000,000, 11%, five-year bond that pays semiannual interest of $165,000 ($3,000,000 x 11% x ), receiving cash of $2,889,599. Journalize the bond issuance. W

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