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On the first day of the fiscal year, a cempany iscues a $454,000,716,10 year bend that ptys semisnnual interest of $15,890 ($454,000 x74. , 1/2
On the first day of the fiscal year, a cempany iscues a $454,000,716,10 year bend that ptys semisnnual interest of $15,890 (\$454,000 x74. , 1/2 ), receiving cash of $476,700. Joumalize the entry for the first interest payment and amsetiration of premium using the straight-line method. If an amount bex does not require an entry, leave it blank
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