Content Area On the first day of the fiscal year, a company issues an $977,000, 8%, 5-year bond that pays semiannual interest of $39,080 ($977,000 x 8% x 1/2), receiving cash of $918,400. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - - Select - - Select