On the first day of the fiscal year, a company issues a $960,000,8%,5-year bond that pays semiannual interest of $38,400 ( $960,0008%1/2), receiving cash of $884,176. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank. On the first day of the fiscal year, a company issues a $500,000,8%,10-year bond that pays semiannual interest of $20,000($500,0008%1/2), receiving cash of $530,000. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 55,000 shares were originally issued and 4,400 were subsequently reacquired. What is the number of shares outstanding? a. 59,400 b. 50,600 c. 55,000 d. 4,400