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On the first day of the fiscal year, a company issues a $5,600,000, 9%, 4-year bond that pays semiannual interest of $252,000 ($5,600,000 9% ),
On the first day of the fiscal year, a company issues a $5,600,000, 9%, 4-year bond that pays semiannual interest of $252,000 ($5,600,000 9% ), receiving cash of $5,245,266. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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