Issuing bonds at a premium On the first day of the fiscal year, a company issues...

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Issuing bonds at a premium On the first day of the fiscal year, a company issues a $3,900,000, 12%, 10-year bond that pays semiannual interest of $234,000 ($3,900,000 x 12% x 1/2), receiving cash of $4,386,024. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. LUT Issuing bonds at a premium On the first day of the fiscal year, a company issues a $3,900,000, 12%, 10-year bond that pays semiannual interest of $234,000 ($3,900,000 x 12% x 1/2), receiving cash of $4,386,024. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. LUT