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000 Discount Amortization On the first day of the fiscal year, a company issues a $6,600,000, 6%, 6-year bond that pays semiannual interest of

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000 Discount Amortization On the first day of the fiscal year, a company issues a $6,600,000, 6%, 6-year bond that pays semiannual interest of $198,000 ($6,500,000 6% x %), receiving cash of $5,697,261. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.

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