Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,300,000, 10%, 7-year bond that pays semiannual interest of $115,000 ($2,300,000 10% ), receiving cash of $2,086,215. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,300,000, 10%, 7-year bond that pays semiannual interest of $115,000 ($2,300,000 10% ), receiving cash of $2,086,215. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.