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On the first day of the fiscal year, a company issues a $920,000, 9%, 5-year bond that pays semiannual interest of $41,400 ($920,000 x 9%

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On the first day of the fiscal year, a company issues a $920,000, 9%, 5-year bond that pays semiannual interest of $41,400 ($920,000 x 9% * 1/2), receiving cash of $884,174. Journalize the entry to record the Issuance of the bonds. If an amount box does not require an entry, leave it blank

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