Premium Amortization On the first day of the fiscal year, a company issues a $8,700,000, 11%, 5-year bond that pays semiannual interest of $478,500 ($8,700,000 x 11% x V), receiving cash of $9,388,407. 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