On the first day of the fiscal year, a company issues a $5,200,000, 6%, 9-year bond that pays semiannual interest of $156,000 ($5,200,000 × 6% × ½), receiving cash of $4,251,521.
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.
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