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Premium Amortization On the first day of the fiscal year, a company issues an $ 6 , 3 0 0 , 0 0 0 ,

Premium Amortization On the first day of the fiscal year, a company issues an $6,300,000,6%,5-year bond that pays semiannual interest of $189,000($6,300,000\times 6%\times 12), receiving cash of $6,575,689. 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. Interest Expense Premium on Bonds Payable Cash

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