On the first day of the fiscal year, a company issues an $793,000, 6%, 5-year bond that pays semiannual interest of $23,790 ($793,000 x 6% x 1/2), receiving cash of $745,400. Journalize the entry to record the first interest payment and the amortization of the related bond discount/premium using the straight-line method.

If an amount box does not require an entry, leave it blank or enter "0".

blank	Bonds PayableCashDiscount on Bonds PayableInterest ExpensePremium on Bonds Payable	- Select -	- Select -
	Bonds PayableDiscount on Bonds PayableInterest ExpenseInterest PayableInterest Revenue	- Select -	- Select -
	Bonds PayableCashInterest ExpenseNotes PayablePremium on Bonds Payable	- Select -	- Select -

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