On the first day of the fiscal year, a company issues an $308,000, 7%, 5-year bond that pays semiannual interest of $10,780 ($308,000 x 7% x 1/2), receiving cash of $289,500. Journalize the entry to record the first interest payment and the amortization of the related bond discount/premium using the straight-line method. If an amount box does not require an entry, leave it blank or enter "0