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On the first day of the fiscal year, a company issues a $970,000,7%,5 year bond that pays semiannual interest of $33,950($970,0007%1/2), recerving cash of $864,179.

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On the first day of the fiscal year, a company issues a $970,000,7%,5 year bond that pays semiannual interest of $33,950($970,0007%1/2), recerving cash of $864,179. 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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