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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,200,000, 10%, five year bond that pays semiannual

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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,200,000, 10%, five year bond that pays semiannual interest of $210,000 ($4,200,000 * 10% X Y). Keceiving cash of $4,041,710. Journalize the entry to record the issuance of the bonds. 1 an amount box does not require an entry, leave it blank Discount Amortization On the first day of the fiscal year, a company issues a $4,200,000, 10%, five-year bond that pays semiannual Interest of $210,000 ($4,200,000 * 1048 X V2), receiving cash of $4,041,710, Journalize the first interest payment and the amortization of the related bond discount. If an amount box does not require an entry leave it bank

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