Premium Amortization On the first day of the fiscal year, a company issues a $1,000,000, 9%, 6-year bond that pays semiannual interest of $45,000 ($1,000,000 9% ), receiving cash of $1,096,634. 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.