Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $4,500,000, 9%, 10-year bond that pays semiannual interest of $202,500 ($4,500,000 9% x ), receiving cash of $5,139,559. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable 5,139,559