On the first day of the fiscal year, a company issues a $6,300,000, 10%, 9-year bond that pays semiannual interest of $315,000 ($6,300,000 10% ), receiving cash of $7,097,536.

Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.

	Accounts PayableBonds PayableCashDiscount on Bonds PayableInterest ExpenseInterest PayableCash	Cash	Cash
	Accounts PayableBonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds PayableDiscount on Bonds Payable	Discount on Bonds Payable	Discount on Bonds Payable
	Accounts PayableBonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds PayableBonds Payable	Bonds Payable	Bonds Payable