On January 1, the first day of the fiscal year, a company issues a $2,250,000, 11%, five-year bond that pays semiannual interest of $123,750 ($2,250,000 11% x %), receiving cash of $2,206,310. journalize the transaction DATE Interest Jan. 1 expense Blank 3 Blank 1 Interest expense Blank 2 128,119 Blank 3 Add your answer Blank 4 Add your answer Blank 5 Add your answer Blank 6 Add your answer Blank 5 DEBIT CREDIT 128,119 Blank 4 Blank 6