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Premium Amortization On the first day of the fiscal year, a company issues a $3,700,000,...

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Premium Amortization On the first day of the fiscal year, a company issues a $3,700,000, 7%, 4-year bond that pays semiannual interest of $129,500 ($3,700,000 x 7% x 12), receiving cash of $4,106,564. 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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