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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8.500.000, 115.9.vear bond that pays semiannual interest of

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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8.500.000, 115.9.vear bond that pays semiannual interest of $467.500 (53,500,000 11%). receiving cash of $8.039.827. Joumalize the bond issuance. If an amount box does not require an entry leave it blank

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