Issuing bonds at a discount On the first day of the fiscal year, a company issues a $6,000,000, 10%, 4-year bond that pays semiannual interest of $300,000 ($6,000,000 x 10 % x 2), receiving cash of $5,809,963. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 88

Issuing bonds at a discount On the first day of the fiscal year, a company issues a $6,000,000,10%,4-year bond that pays semianmul interest of $300,000($6,000,00010%3), receiving cash of $5,809,963. Journalize the bond issuance. If an amount box does not require an entry, leave it blank