Journalize the bond issuance

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Question - Issuing Bonds at a Discount - On the first day of the fiscal year, a company issues a $5,000,000, 10%, 10-year bond that pays semiannual interest of $250,000 ($5,000,000 × 10% × ½), receiving cash of $4,426,504. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

Reference no: EM133042496

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