On march 1, 2011, Fast Frieght Company sold $400,000 of its 9 percent, 20-year bonds at 109.9. The semiannual interest payment dates are March 1 and september 1. The market iinterest rate is 8 percent. The firm's fasical year ends August 31. Prepare entries in journal form of premium on August 31, and the first interest payment on September 1. Use the effctive intest method to amortize the premium.