Issuing bonds at a discount

On the first day of the fiscal year, a company issues a $$3,100,000,12\%,5-$year bond that pays semiannual interest of

$$186,000($$$3,100,00012\%\frac{1}{2}),$ receiving cash of $$2,882,270.$

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