Question: 2 Need this done asap. Please help with solution. Issuing Bonds at a Discount On the first day of the fiscal year, a company issues

Need this done asap. Please help with solution.

2 Need this done asap. Please help with solution. Issuing Bonds at

Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,100,000, 11%, 6-year bond that pays semiannual interest of $390,500 ($7,100,000 x 11% x 2), receiving cash of $6,520,730 Journalize the bond issuance. If an amount box does not require an entry, leave it blank

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