Issuing bonds at a discount On the first day of the fiscal year, a company issues a $2,500,000,8%,5 year bond that pays semiannual interest of $100,000($2,500,0008%6), receiving cash of 52,300,000 Joumalize the bond issuance. If an amount box does not require an entry, leave it blank; Feritisen roheck Mr Wor Bonds Payable is always recorded at face value. Any difference in issue peice is reflected in a premium or discount account