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On the first day of the fiscal year, a company issues a $8,000,000, 10%, 9-year bond that pays semiannual interest of $400,000 ($8,000,000 x 10%

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On the first day of the fiscal year, a company issues a $8,000,000, 10%, 9-year bond that pays semiannual interest of $400,000 ($8,000,000 x 10% *), receiving cash of $6,748,103 Journalize the bond issuance. It an amount box does not require an entry, leave it blank

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