On the first day of the fiscal year, a company issues a $713,000, 8%, 10-year bond that pays semiannual interest of $28,520 ($713,000 x 8% x 1/2), receiving cash of $748,700. Journalize 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.

Interest Expense fill in the blank 2 fill in the blank 3

Premium on Bonds Payable fill in the blank 5 fill in the blank 6

Cash fill in the blank 8 fill in the blank 9