Premium Amortization

On the first day of the fiscal year, a company issues a $6,700,000, 9%, 9-year bond that pays semiannual interest of $301,500 ($6,700,000 9% ), receiving cash of $8,082,228.

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.