On the first day of the fiscal year, a company issues a $594,000, 6%, 10-year bond that pays semiannual interest of $17,820 ($594,000 x 6% x 1/2), receiving cash of $623,700. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method. If an amount box does not require an entry, leave blank. Cash Bonds Payable