Issuing Bonds at a Discount

On the first day of the fiscal year, a company issues a $$1,800,000,11\%,9-$year bond that pays semiannual interest of $$99,000($$$1,800,00011\%\frac{1}{2}),$ receiving cash of $$1,612,215.$

Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.