Issuing bonds at a premium Instructions Chart of Accounts Journal Instructions ), recolving cash of On January 1, the first day of the fiscal year, a company issues a $2,000,000,5%, five-year bond that pays semiannual interest of $50,000 ($2,000,000 x 5% X $2,102,260 Journalize the bond issuance. Refer to the Chart of Accounts for exact wording of account titles