On the first day of the fiscal year, a company issues a 55,500,000,6%,5:y ear bond that pays semiannuaf interest of 5165,000(55,500,0006%,16). receiving cash of 55,994,042 Journatize the firt interest payment and the amortization of the related bond premlum. Round to the nearest dollar. If an amount box does not require an entry, leave it, blank. Feedtach * Chea Uy Wire Bonds Poyable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account: The straight-line methiod of amortizotion provides equal amounts of amortization over the life of the bond