On the first day of the fiscal year, a company issues a $8,500,000, 8%, 5-year bond that pays semiannual interest of $340,000 ($8,500,000 ? 8%

On the first day of the fiscal year, a company issues a $8,500,000, 8%, 5-year bond that pays semiannual interest of $340,000 ($8,500,000 � 8% � ½), receiving cash of $8,853,456. Journalize the fir...