Issuing Bonds at Face Amount The first day of the fiscal year, a company issues a $450,000, 10%, 10-year bond that pays semiannual interest of $22,500 ($450,000 10% x year), receiving cash of $450,000. a. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. b. Journalize the entry to record the first interest payment. If an amount box does not require an entry, leave it blank. c. Journalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it blank. 83