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On the first day of the fiscal year, a company issues a $940,000,10%, 5-year bond that pays semiannual interest of $47,000($940,00010%1/2), receivin cash of $884,178.

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On the first day of the fiscal year, a company issues a $940,000,10%, 5-year bond that pays semiannual interest of $47,000($940,00010%1/2), receivin cash of $884,178. 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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