Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,500,000, 9%, 6-year bond that pays semiannual interest of $202,500 ($4,500,000 x 9% x 12), receiving cash of $4,300,576. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Accounts Payable Bonds Payable Cash Interest Expense Interest Payable Premium on Bonds Payable