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In the first day of the fiscal year, a company issues a $5,300,000,8%, five-year bond that pays semiannual interest of $212,000 ( $5,300,0008%1/2 ), receiving

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In the first day of the fiscal year, a company issues a $5,300,000,8%, five-year bond that pays semiannual interest of $212,000 ( $5,300,0008%1/2 ), receiving cash $5,520,390. ournalize the bond issuance. If an amount box does not require an entry, leave it blank

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