View History Bookmarks Window Help * [0 7 100% 27 Wed 1:49 PM Q v2.cengagenow.com C South University Campus Co.. Week 2: Chapters 10 & 11 Kno... CengageNOWv2 | Online teac... Search Textbook Solutions |... Homework Help - Q&A from. 11 Quiz Calculator On the first day of the fiscal year, a company issues a $754,000, 7%, 10-year bond that pays semiannual interest of $26,390 ($754,000 x 7% x 1/2)/receiving cash of $791,700. Journalize the entry to record the first interest payment and amortization of premium using the straight- line method. If an amount box does not require an entry, leave it blank. Interest Expense Premium on Bonds Payable Cash - O Previous Next items 109 32183 18 A MacBook Pro F10 F5 44 6 1 FB DD F6 F2 BO F3 $ FA O delete 8 5 D