On the first day of the fiscal year, a company issues a $4,300,000, 12%, 8-year bond that pays semiannual interest of $258,000 ($4,300,000 12% ), receiving cash of $5,024,593.

Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

	Account	Debit	Credit
	Accounts PayableBonds PayableCashDiscount on Bonds PayablePremium on Bonds PayableCash	Cash	Cash
	Accounts PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds PayablePremium on Bonds Payable	Premium on Bonds Payable	Premium on Bonds Payable
	Accounts PayableBonds PayableCashDiscount on Bonds PayableInterest PayableBonds Payable	Bonds Payable	Bonds Payable