Entrles for Issuing Bonds and Amortiring Descount by Straight-Line Methed On the first day of its fiscal yeat, Chin Company issued $23,600,000 of five-year, 4% bonds to finance its operations of aroducing and seiling horne improvernent product Interest is pryable semiannaaly. The bonds were issued at a market (effective) interest rate of 6%, resuiting in Chin receiving cash of $21, ses, 778 . a. 3ournalize the entries to necord the following: 1. Issuance of the bonds. 2. First semiannizal interest payment, The bond discount is combined with the semiannual interest poyment. (Rosnd your answer to the hearest follar) 2. Second semiannust interest payment. The bond discount is combined with the sempannual interest payment. (Round your answer to the nearnst dollar.) It an arnount box does not reaulire an entry, leave it blank