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need done before 10am!!! Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,000,000, 12%, 8-year bond

need done before 10am!!!

Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,000,000, 12%, 8-year bond that pays semiannual interest of $300,000 ($5,000,000 x 12% x 12), receiving cash of $5,261,553. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. lll

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