Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $8,400,000, 6%, 8-year bond that pays semiannual interest of $252,000 ($8,400,000 x 5% x ), receiving cash of $8,948,309 Journalize the bond issuance. If an amount box does not require an entry, leave it blank Check My Work Previous Next >