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On the first day of the fiscal year, a comipany issues a $9,000,000,12%,8-year bond that pays semiannual interest of $540,000 ( $9,000,00012%6, receiving cash of

On the first day of the fiscal year, a comipany issues a $9,000,000,12%,8-year bond that pays semiannual interest of $540,000 ( $9,000,00012%6, receiving cash of 48,149,802. Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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