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On the first day of the fiscal year, a company issues a $8,100,000, 10%, 7-year...

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Accounting

On the first day of the fiscal year, a company issues a $8,100,000, 10%, 7-year bond that pays semiannual interest of $405,000 ($8,100,000 10% ), receiving cash of $8,514,025. 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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