Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $6,400,000, 6%, 5-year bond that pays semiannual interest of $192,000 ($6,400,000 x 6 % x 2), receiving cash of $5,640,380. Journalize the entry to record the Issuance of the bonds. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Bonds Payable 88 4