Premium amortization nstructionsC Chart of Accounts Journal 0 Instructions On the first day of the fiscal year, a company issues an S7 500,000, 8% five year bond that pays se of $7,740,000 annual interest of S300 000(525000008% , ) receiving cash e ngat Refer to the Chart of Accounts for exact wording of a Journalize the first interest payment and the amortization of the related bond premium Round to the nearest dollar account tities ournal Journalize the first interest payment and the amortization of the related bond premium on June 30 Round to the nearest dollar. Refer to the Chart of Accounts for exact wording of account tities PAGE 10 ACCOUNTING EQUATION JOURNAL SSETSLIABILITIES EQUIT CREDIT DEBIT POST. REF DATE