b

Discount Amortization On the first day of the fiscal year, a company issues a $3,400,000, 6%, 8-year bond that pays semiannual Interest of $102,000 ($3,400,000 x 6% x V), receiving cash of $2,827,065. 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. 5