On the first day of the fiscal year, a company issues an $784,000, 6%, 5-year bond that pays serniannual interest of $23,520 ($784,000 x 6% * 1/2), receiving cash of $737,000. 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