Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,000,000, 7%, 6-year bond that pays semiannual interest of $245,000 ($7,000,000 7% ), receiving cash of $6,361,701. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - - Select - - Select -