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On the first day of the fiscal year, a company issues a $6,900,000, 9%, 9-year bond that pays semiannual interest of $310,500 ($6,900,000 x

 

On the first day of the fiscal year, a company issues a $6,900,000, 9%, 9-year bond that pays semiannual interest of $310,500 ($6,900,000 x 9% x W), receiving cash of $7,336,745. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

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