On the first day of the fiscal year, a company issues an $946,000,8%, 5-year bond that pays semiannual interest of $37.840 ($946.000 x 85 x 1/2), receiving cash of $889.240 Required: Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. Refer to the Chart of Accounts for exact wording of account titles