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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $3,000,000, 9%, 6-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 $3,000,000, 9%, 6-year bond that pays semiannual interest of $135,000 ($3,000,000 * 9% *), receiving cash of $2,622,728. Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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