On the first day of the fiscal year, a company issues a $1,800,000, 7%, 5-year bond that pays semiannual interest of $63,000 ($1,800,000 7% ), receiving cash of $2,042,530.

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.