Issuing bonds at a discount On the first day of the fiscal year, a company issues a $2,400,000, 10%, 4-year bond that pays semiannual interest of $120,000 ($2,400,000 x 10% x ), receiving cash of $2,323,984. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Account Cash Discount on Bonds Payable Bonds Payable Debit Credit 000