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On the first day of the fiscal year, a company issues a $8,600,000,8%,7-year bond that pays semiannual interest of $344,000($8,600,0008% Yi), receiving cash of $9,571,463.

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On the first day of the fiscal year, a company issues a $8,600,000,8%,7-year bond that pays semiannual interest of $344,000($8,600,0008% Yi), receiving cash of $9,571,463. Journalize the first interest payment and the amortization of the related bond premium, Round to the nearest doltar. If an amount box does not require an entry, leave it plank

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