Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $8,000,000, 11%, five year bond that pays semiannual interest of $40,000 (58,000,000 * 11% *), receiving cash of $8,308,869 Journalize the bond issuance of an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable lll lll Bonds Payable