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Premium amortization

Instructions

On the first day of the fiscal year, a company issues a $$2,250,000,12\%,$ five$-$year bond that pays semiannual interest of $$135,000($$$2,250,00012\%\frac{1}{2}),$ receiving cash of $$2,379,360.$

Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles