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On the first day of the fiscal year, a company issues a $813,000, 89, 10-year bond that pays semiannual interest of $32,520 ($813,000 8% x

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On the first day of the fiscal year, a company issues a $813,000, 89, 10-year bond that pays semiannual interest of $32,520 ($813,000 8% x 1/2), receiving cash of $853,700. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method If an amount box does not require an entry, leave it blank

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