On the first day of the fiscal year, a company issues a $499,000, 8%, 10-year bond that pays semiannual interest of $19,960 ($499,000 x 8% x 1/2), receiving cash of $524,000. 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