Issuing bonds at a discount On the first day of the fiscal year, a company issues a $1,800,000, 8%, 6-year bond that pays semiannual interest of $72,000 ($1,800,000 x 8% x 1/2), receiving cash of $1,717,932. 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 $1,800,000,8%,6-year bond that pays semiannual interest of $72,000 ($1,800,0008%V2), receiving cash of $1,717,932. journalize the bond issuance. If an amount box does not require an entry, leave it blank