CH 13,14, & 15 On the first day of the fiscal year, a company issues an $360,000, 8%, 5-year bond that pays semiannual interest of $14,400 ($ straight-line method. If an amount box does not require an entry, leave it blank. rest of $14.000 ($360,000 x 8%x1/2), receiving cash of $338,400, Journalize the entry for the first interest payment and the amortization of the related bond discount using the