On the first day of the fiscal year, a company issues a $$977,000,10\%,10-$year bond that pays semiannual interest of $$48,850($ $$977,00010\%\frac{1}{2}),$ receiving cash of $$1,025,900.$ Journalize the entry for the first interest payment and amortization of the premium using the straight$-$line method.

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