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Issuing Bonds at a Premium On the first day of the fiscal year, a company...

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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $6,200,000, 9%, 9-year bond that pays semiannual interest of $279,000 (56,200,000 x 9% x V), receiving cash of $6,592,438. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Bonds Payable 6,200,000

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