Entries for lesuing Bonds and Amortizing Discount by Straight-Line Method On the first day of lis fiscal year, Jacinto Company issued 515,300,000 of five-year, 7y, bonds to finance its operations of producing and seiling hame improvement products, Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 95 , resulting in Jacinto Company receiving cash of $14,099,391 a. Journalize the entries to record the follewing: 1. Issuance of the bords. 2. Fist semiannubl interest paymient. The bond discount amortitation is combined with the semiannual interest payment. 3. Secand semisnnual interest payment. The bond discount amorturation is combined with the semionnuar interest payment. If an amount box does not require an entry, leove it blank: Round your answers to the neareat doliar. b. Determine the ambunt of the band interest evpense for the tist yeac. Round your answar to the nearest dollar. c. Wily was the coropainy abie to wive the bondi for only 414,089,391 rather tian for the fsce amieunt of $15,300,000 of The market rame af interent in the contract rate of interest