on the last day of the fiscal year, a company issues an $7,400,000, 11%, 5-year bond that pays semiannual interest of $407,000 (57.400,000 x 11% * ), receiving cash of $8.300, Pour love the first interest payment and the amortization of the related bond premeum, Round to the nearest dollar. If an amount bon does not require an entry, leave it blank. Bonds Payable ebook S HOW Premium Amortization On the first day of the fiscal year, a company issues an $7,400,000, 11%, 5-year bond that pays semiannual interest of $407,000 ($7,400,000 x 115 x W), receiving cash of $8,300,310 Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense Premium on Bonds Payable | Cash Accounts Payable Bonds Payable Cash Discount on Bonds Payable Interest Payable Premam on Bonds Payable