Question: Using the bond from Practice Exercise 15-6B, journalize the first interest payment and the amortization of the related bond premium. Data From Exercise 15-6B: A

Using the bond from Practice Exercise 15-6B, journalize the first interest payment and the amortization of the related bond premium.

Data From Exercise 15-6B:

A company issues a $1,000,000, 10%, ten-year bond that pays semiannual interest of $50,000 ($1,000,000 × 10% × 1⁄2), receiving cash of $1,065,040. Journalize the bond issuance.

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