On the first day of the fiscal year, a company issues a $5,800,000, 7%, 8-year bond that pays semiannual interest of $203,000 ($5,800,000 x 7% x V2), receiving cash of $5,462,082 Hint(so CH Hide Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. 5,800,000 Interest Expense 337918 Discount on Bonds Payable 5,462,082 Cash