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EE 14.5 On the first day of the fiscal year, a company issues a 55.300.000.8%. five-year bond that pays semiannual interest of $212.000($5,300.0008%1/2), receiving cash

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EE 14.5 On the first day of the fiscal year, a company issues a 55.300.000.8%. five-year bond that pays semiannual interest of $212.000($5,300.0008%1/2), receiving cash of $5,520.390. Journalize the bond issuance. Obj, 3 BE.14-6. Using the bond from Practice Exercisel. L-58. fournalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollan: Date: 1/01/01 Date Account Name Debits Credits

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