On the first day of the fiscal year, a company issues a $306,000, 6%, 10-year bond that pays semiannual interest of $9,180 ($306,000 x 6% x 1/2), receiving cash of $321,300. 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 it blank.

	Interest Expense
	Premium on Bonds Payable
	Cash