Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $5,800,000, 6%, 5-year bond that pays semiannual interes of $174,000 ($5,800,000 x 6% x 12), receiving cash of $5,329,568. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 5,329,568 Discount on Bonds Payable 110 Bonds Payable