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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $5,700,000, 6%, 7-year bond that pays semiannual interest

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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $5,700,000, 6%, 7-year bond that pays semiannual interest of $171,000 ($5,700,000 x 6% * 12), receiving cash of $5,388,764. Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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