Question: 5 Need this done asap. Please help with solution. Premium Amortization On the first day of the fiscal year, a company issues a $7,400,000, 7%,

Need this done asap. Please help with solution.

5 Need this done asap. Please help with solution. Premium Amortization On

Premium Amortization On the first day of the fiscal year, a company issues a $7,400,000, 7%, 6-year bond that pays semiannual interest of $259,000 ($7,400,000 x 7% x 12), receiving cash of $7,768,297. Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank

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