Discount Amortization

On the first day of the fiscal year, a company issues a $$3,500,000,6\%,$ five$-$year bond that pays semiannual interest of

$6\%\frac{1}{2}),$ receiving cash of $$3,350,000.$

Journalize the first interest payment and the amortization of the related bond discount. If an amount box does not require an entry, leave it blank.