On the first day of the fiscal year, a company issues a $920,000, 10%, 5-year bond that pays semiannual interest of $46,000 ($920,000 X 10% x 1/2). receiving cash of $884,174. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank or enter"0" Instruction On the first day of the fiscal year, a company issues an 5688,000,8%, 5-year bond that pays semiannual interest of $27,520 (5688.000 8% * 1/2), receiving cash of $546,720 Required: Journaize the entry to record the first interest payment and the amortization of the related bond discount using the straight line method Refer to the Chart of Accounts for exact wording of account titles Activate Windows Previous Next