On the first day of the fiscal year, a company issues a $7,300,000, 11%, 8-year bond that pays semiannual interest of $401,500 ($7,300,000 x 11% x 2), receiving cash of $7,695,578. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Interest Payable BB