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help please On the first day of the fiscal year, a company issues a $1,600,000,6%,4-year bond that pays semiannual interest of $48,000($1,600,0006%1/2), receiving cash of

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On the first day of the fiscal year, a company issues a $1,600,000,6%,4-year bond that pays semiannual interest of $48,000($1,600,0006%1/2), receiving cash of $1,492,277. 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

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