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ebook B: Show Me How Print Assignment 1-Homework Premium Amortization On the first day of the focal year, a company issues 54,400,000,7% 4-year bond that pays semiannual interest of 154,000 (54,400,000 x 74%), receiving cash of $4,715,486. Journalise the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense 4.715.4 X Premium on Bonds Payable 4400.000 315.456