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If an amount box does not require an entry, leave it blank On the first day of the fiscal year, a company issues a $500,000,
If an amount box does not require an entry, leave it blank
On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays semiannual interest of $20,000 ($500,000 x 8% x 1/2), receiving cash of $437,740. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank.
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