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Issuing bonds ot a discount. On the first day of the fiscal year, a company issues a $4,000,000,8%,5-year bond that pays semiannual interest of $160,000($4,000,0008%7h).

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Issuing bonds ot a discount. On the first day of the fiscal year, a company issues a $4,000,000,8%,5-year bond that pays semiannual interest of $160,000($4,000,0008%7h). recelving cosh of $3,691,129. Joumalize the bond issuance, If an amount box does not require an entry, leave it blank

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