On the first day of the fiscal year a company issues a $776,000, 10%, 10-year bond that passer interest of $3,000 (1776,000 x 10% 1/2), receiving cash of $814,100. the entry to record the first interested amortization of premium using the straight-line method. If an amount box does not require an entry, leave it blank Bonds Payable Discount on Bonds Payable Interest Ewense Interest Payable