Premium Amortization On the first day of the fiscal year, a company issues a $2,900,000, 6% cash of $3,646,837 10-year bond that pays semiannual interest of $87,000 ($2,900,000 6% x ), receiving ournalize 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