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On January 1 , the first day of the fiscal year, a company issues an $1,350,000,11%, five-year bond that pays semiannuar interest of $74,250 i$1,350,000

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On January 1 , the first day of the fiscal year, a company issues an $1,350,000,11%, five-year bond that pays semiannuar interest of $74,250 i\$1,350,000 x 11%. x (1), receiving cash of 51,512,610. Required: Joumalize the bond issuance Refer to the chart of accounts for the exact wording of the account ties. CNowjoumals do hot use anes for journa explanations Every line on a journal page is used for debit or credd entries cNoWjournais wit automaticaly indent a credit entry whea a credt amount is entered an e joumal page is used for debit or credit entres CVOW jourhais wil dutomatcaly indent a credi entry when a credr amount is entered

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