Premium Amortization On the first day of the fiscal year, a company issues an $4,500,000, 6%, 5-year bond that pays semiannual interest of $135,000 ($4,500,000 6% x 1/2), receiving cash of $4,904,217. 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.