14. On the first day of the fiscal year, a company issues an $800.000,6%, 5-year bond that pays semiannual interest of $24,000 ($800,000 x 6% * 1/2), receiving cash of $690,960. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method 15. On the first day of the fiscal year, a company issues a $500,000,8%, 10-year bond that pays semiannual interest of $20,000 ($500,000 8% 1/2), receiving cash of $530,000. Journalize the entry to record the issuance of the bonds