Entries for Issuing Boinds and Amortizing Prectum by Straight-lane Method receiving cash of $2.764,571. Te4erest is payable semiannuady on April 1 and Gcteber 1. a. Journtize the entry to recora the issulince of bonds on Appril 1. If an omount box does not require an entry, leave it blank? semianrubl intereit payment. Round to the nearest dollar. If an amount box does not require an entry, leote it bleke. 6. Why nas the company able to issue the bonds foe 52,764,571 rather than for the face amount of $2,600,000 ? The market rate of interest is the contract rase of interest