Instructions On the first day of the fiscal year, a company issues a $3,500,000, 6%, five-year bond that pays semiannual interest of $105,000 (53,500,000 * 6% * %4), receiving cash of $3,350,000 Journalize the first interest payment and the amortization of the related bond discount. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL ACCOUNTING EQUATI DEA DATE DESCRIPTION POST. REF. ASSETS LIABILMES