On the first day of the fiscal year, a company issues an $779,000, 6%, five-year bond that pays semiannual interest of $23,370 ($779,000 x 6% x 1/2), receiving cash of $732,300. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank.