Discount Amortization

On the first day of the fiscal year, a company issues a $8,900,000, 9%, 7-year bond that pays semiannual interest of $400,500 ($8,900,000 9% ), receiving cash of $8,459,510.

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.