Discount Amortization On the first day or the fiscal year, a company issues a $3,800,000, 9%, 7-year bond that pays semiannual Interest of $171,000 ($3,800,000 x 9% *), receiving cash of $3,270,187, Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. It an amount box does not require an entry, leave it blank