31. 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% x 1/2), receiving cash of $520,000. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method and the sale of the bonds @.99 after the first interest payment