On the first day of the fiscal year, a company issues a $528,000, 10%, 10-year bond that pays semiannual interest of $26,400 ($528,000 x 10% x 1/2), receiving cash of $554,400. Journalize the entry to record 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. Interest Expense Premium on Bonds Payable Cash Feedback Check My Work Partially correct