On the first day of the fiscal year, a company issues a $4,500,000, 11%, 9-year bond that pays semiannual interest of $247,500 ($4,500,000 × 11% × ½), receiving cash of $5,354,504. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand.b. price increases have failed to bring about demand management.c. demand exceeds capacity.d. demand exceeds 100 percent.e. the existing product has seasonal or cyclical demand.