Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7.400,000, 6%, 5-year bond that pays semiannual interest of $222,000 (57,400,000 x 6% *), receiving cash of $6,521,689 Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 6.8214 Discount on Bonds Payable X Bonds Payable 7.400,000 W