Discount Amortization On the first day of the fiscal year, a company issues a $2,500,000, 8%, 6-year bond that pays semiannual interest of $100,000 ($2,500,000 x 8% x V2), receiving cash of $2,176,806. 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. Interest Expense Discount on Bonds Payable Cash Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $2,300,000, 12%, 4-year bond that pays semiannual interest of $138,000 ($2,300,000 x 12% x ), receiving cash of $2,372,848. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable 2,372,848 2,300,000