On the first day of the fiscal year, a company issues a $857,000, 7%, 10-year bond that pays semiannual interest of $29,995 ($857,000 x 7% x 1/2), receiving cash of $899,900. 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".

	Cash	fill in the blank 2	fill in the blank 3
	Premium on Bonds Payable	fill in the blank 5	fill in the blank 6
	Bonds Payable	fill in the blank 8	fill in the blank 9