On the first day of the fiscal year, a company issues a $($n$)$ $$935,000,7\%,5-$year bond that pays semiannual interest of $),$

receiving cash of $$878,900.$ 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.