Question Content Area On the first day of the fiscal year, a company issues an $315,000, 7%, 5-year bond that pays semiannual interest of $11,025 ($315,000 x 7% x 1/2), receiving cash of $296,100. Journalize the entry for the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank.