Discount Amortization On the first day of the fiscal year, a company issues a $4,200,000, 8%, 10-year bond that pays semiannual interest of $168,000 ($4,200,000 8% ), receiving cash of $3,926,834. 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.