On the first day of the fiscal year, a company issues an $844,000, 7%, 10-year bond that pays semiannual interest of $29,540 ($844,000 x 7% x 1/2), receiving cash of $886,200. Journalize the entry to record the first interest payment and amortization of the premium using the straight-line method.

If an amount box does not require an entry, leave it blank.

blank	Bonds PayableCashDiscount on Bonds PayableInterest ExpenseInterest PayableInterest Expense	Interest Expense	Interest Expense
	Bonds PayableCashInterest RevenueInterest PayablePremium on Bonds PayablePremium on Bonds Payable	Premium on Bonds Payable	Premium on Bonds Payable
	Bonds PayableCashDiscount on Bonds PayableInterest ExpensePremium on Bonds PayableCash	Cash	Cash