Discount Amortization

On the first day of the fiscal year, a company issues a $5,200,000, 6%, 5-year bond that pays semiannual interest of $156,000 ($5,200,000 6% ), receiving cash of $4,983,769.

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.