On the first day of the fiscal year, a company issues an $791,000,8%, 5-year bond that pays semiannual interest of $31,640 (5791,000 X 8% x 1/2), receiving cash of $743,500. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method If an amount box does not require an entry, leave it blank Bonds Payable