On January 1, the first day of the fiscal year, a company issues a $1,200,000, 9%, five-year bond that pays semiannual interest of $54,000 ($1,200,000 9% ), receiving cash of $1,153,670. Journalize the bond issuance. Refer to the Chart of Accounts for exact wording of account titles. On January 1, the first day of the fiscal year, a company issues a $1,200,000, 9%, five-year bond that pays semiannual interest of $54,000 ($1,200,000 9% ), receiving cash of $1,153,670. Journalize the bond issuance. Refer to the Chart of Accounts for exact wording of account titles. THE JOURNAL IS ONLY 3 LINES PLEASE ANSWER WITH ONLY 3 LINES.

JOURNAL

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