On the first day of the fiscal year, a company issues an $794,000, 9%, 5-year bond that pays semiannual interest of $35,730 ($794,000 x 9% x 1/2), receiving cash of $746,400. Journalize the entry for the first interest payment and the amortization of the related bond discount using the straight-line method.

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

blank	Bonds PayableCashDiscount on Bonds PayableInterest ExpensePremium on Bonds Payable	- Select -	- Select -
	Bonds PayableDiscount on Bonds PayableInterest ExpenseInterest PayableInterest Revenue	- Select -	- Select -
	Bonds PayableCashInterest ExpenseNotes PayablePremium on Bonds Payable	- Select -	- Select -