Using the bond from Practice Exercise 14-3A, journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar.

Data from Exercise 14-3A,

On the first day of the fiscal year, a company issues a $1,800,000, 6%, five-year bond that pays semiannual interest of $54,000 ($1,800,000 × 6% × ½), receiving cash of $1,725,151. Journalize the entry record and the issuance of bonds.