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On the first day of the fiscal year, a company issues a $960,000,9%,5 year bond that pays semiannual interest of $43,200($960,0009% 1/2 ), receiving cash

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On the first day of the fiscal year, a company issues a $960,000,9%,5 year bond that pays semiannual interest of $43,200($960,0009% 1/2 ), receiving cash of $884,179. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank

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