mework eBook Show Me How Calculator Discount Amortization 3,000,000, 11%, five-year bond that pays semiannual On the first day of the fiscal year, a company issues a $ interest of $165,000 ($3,000,000 x 11% x ), receiving cash of $2,889,599. ournalize the first interest payment and the amortization of the related bond discount. R Round to the nearest dollar If an amount box does not require an entry, leave it blank. Premium on Bonds Payable x Discount on Bonds Payable Bonds Payable x Feedback ? Check My Work Bonds Payable is always recorded at face value. Any difference in issue price is in a premium or discount account straight-ine method of amortization provides equal amounts of amortization over the life of the bond 9:35 AM search