On the first day of the fiscal year, a company issues an $765,000,8%, 5 -year bond that pays semiannual interest of $30,600 ( $765,000 8%1/2), recelving cash of $719,100, Journalize the entry to record 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