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Entries for issuing bonds and amertizing discount by straight-line method On the first day of its fical year, Chin Comeamy issued $11,600,000 of 5 -year,

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Entries for issuing bonds and amertizing discount by straight-line method On the first day of its fical year, Chin Comeamy issued $11,600,000 of 5 -year, swi bonds to finance its operations of producing and setieg home improvement products. Interest is parable semlannually. The bonds were iswed at a market (effective) interest rate of 9%, resulting in chin receidng cash of $11,141,090. a. Journalize the entries to record the follosing: 1. Issuance of the bonds. 2. Firs semiannual interest parment. The bond dicount is combined nith the seminhual interest parment. (Pousd vour answer to the nearest dollar.) 3. Second itmiannual interest parment. The bond discount is combined with the semiannual interest paymunt, (Round vour answer to the nearest dollar.) If an amount box does not require an entry, leave it blank

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