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On the first day of the fiscal year, a company issues a $892,000,6%,10-year bond that pays semiannual interest of $26,760 ($892,0006%1/2), receiving cash of $936,600.

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On the first day of the fiscal year, a company issues a $892,000,6%,10-year bond that pays semiannual interest of $26,760 ($892,0006%1/2), receiving cash of $936,600. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method

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