Discount Amortization On the first day of the fiscal year, a company issues a $4,600,000, 6%, 10-year bond that pays semiannual interest of $138,000 ($4,600,000 × 6% × ½), receiving cash of...

Extracted text: Discount Amortization On the first day of the fiscal year, a company issues a $4,600,000, 6%, 10-year bond that pays semiannual interest of $138,000 ($4,600,000 × 6% × ½), receiving cash of $3,702,451. 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.