Issuing Bonds at a Discount

On the first day of the fiscal year, a company issues a $6,100,000, 9%, 9-year bond that pays semiannual interest of $274,500 ($6,100,000 9% ), receiving cash of $5,413,990.

Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

	Accounts PayableBonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Accounts PayableBonds PayableDiscount on Bonds PayableInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Accounts PayableBonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -