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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,400,000, 9%, 10-year bond that pays semiannual interest

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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,400,000, 9%, 10-year bond that pays semiannual interest of $198,000 ($4,400,000 x 9% *v), receiving cash of $3,874,184. Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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