On the first day of the fiscal year, a company issues a $6,500,000, 9%, 7-year bond that pays semiannual interest of $292,500 ($6,500,000 9% ), receiving cash of $7,601,366.

Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.

blank	Accounts PayableCashDiscount on Bonds PayableInterest ExpenseInterest Payable	- Select -	- Select -
	Accounts PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Accounts PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	- Select -	- Select -