Discount Amortization

On the first day of the fiscal year, a company issues a $$4,000,000,10\%,6-$year bond that pays semiannual interest of $$200,000($$$4,000,00010\%\frac{1}{2}),$ recelving cash of $$3,510,476.$ 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. $$

$$

$$

$$

$$

$$

$$

$$

$$