Discount Amortization On the first day of the fiscal year, a company issues a $1,500,000, 9%, 6-year bond that pays semiannual interest of $67,500 ($1,500,000 × 9% × ½), receiving cash of $1,311,362....

Extracted text: Discount Amortization On the first day of the fiscal year, a company issues a $1,500,000, 9%, 6-year bond that pays semiannual interest of $67,500 ($1,500,000 × 9% × ½), receiving cash of $1,311,362. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.