14-3A . On the first day of the fiscal year, a company issues a $1,800,000, 7%, five-year bond that pays semiannual interest of $54,000 ($1,800,000 7% ), receiving cash of $1,725,151. Journalize the entry to record the issuance of the bonds.

14-4. 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.