Discount Amortization

On the first day of the fiscal year, a company issues a $6,500,000, 9%, 4-year bond that pays semiannual interest of $292,500 ($6,500,000 9% ), receiving cash of $5,894,544.

Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".