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On the first day of the fiscal year, a company issues a $812,000,11%,10-year bond that pays semiannual interest of $44,660($812,00011%1/2), receiving cash of $852,600. Journalize

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On the first day of the fiscal year, a company issues a $812,000,11%,10-year bond that pays semiannual interest of $44,660($812,00011%1/2), receiving cash of $852,600. Journalize the entry for 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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