Instructions Chart of Accounts Journal Instructions X On January 1, the first day of the fiscal year, a company issues a $2,300,000, 11%, five-year bond that pays semiannual interest of $126,500 ($2,300,000 x 11% x /2), receiving cash of $2,251, 150. Required: Journalize the first interest payment and the amortization of the related bond discount. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered