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On the first day of the fiscal year, a company issues a $331,000,8%,10-year bond that pays semiannual interest of $13,240 ( $331,0008%. 1/2 ). receiving

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On the first day of the fiscal year, a company issues a $331,000,8%,10-year bond that pays semiannual interest of $13,240 ( $331,0008%. 1/2 ). receiving cash of $347,600. Joumalize 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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