On January 1, the first day of the fiscal year, a company issues an $2,750,000, 8%,...

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On January 1, the first day of the fiscal year, a company issues an $2,750,000, 8%, five-year bond that pays semiannual interest of $110,000 ($2,750,000 8% x %), receiving cash of $2,938,110. Required: Journalize the bond issuance. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered malize the bond issuance. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered JOURNAL ACCOUNTING EQUAT DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES On January 1, the first day of the fiscal year, a company issues an $2,750,000, 8%, five-year bond that pays semiannual interest of $110,000 ($2,750,000 8% x %), receiving cash of $2,938,110. Required: Journalize the bond issuance. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered malize the bond issuance. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered JOURNAL ACCOUNTING EQUAT DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES