Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $8,300,000, 12%, 8-year bond that pays semiannual interest of $498,000 ($8,300,000 x 12% x ), receiving cash of $8,734,179 Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable