Premium amortization

On the first day of the fiscal year, a company issues a $$6,000,000,6\%,5-$year bond that pays semiannual interest of $$180,000($ $$6,000,0006\%\frac{1}{2},$ receiving cash of $$6,300,000.$

Using straight$-$line amortization, journalize the first interest payment and the amortization of the related bond premium. If an amount box does not require an entry, leave it blank.

Interest Expense $$

Premium on Bonds Payable