On the first day of the fiscal year, a company issues a $509,000, 8%, 10-year bond that pays semiannual interest of $20,360 (5509,000 x 8% x 1/2), receiving cash of $534,500. Journalize the entry to record the first interest payment and amortization of discount/premium using the straight-line method. If an amount box does not require an entry, leave it blank or enter"0" Interest Expense Premium on Bonds Payable Cash