Premium Amortization

On the first day of the fiscal year, a company issues a $7,800,000, 10%, 4-year bond that pays semiannual interest of $390,000 ($7,800,000 10% ), receiving cash of $8,325,156.

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.