On November 1,2009,Fields Corporation Issued $800,000 Worth of Ten-Year,9 Percent

On November 1,2009,Fields Corporation issued $800,000 worth of ten-year,9 percent bonds.The semi-annual interest dates are November 1 and May 1.Because the market interest rate of similar investments was 8.5 percent,the bonds were issued at a price of 103.Ignoring year-end accruals,prepare entries in journal form without explanations to record the bond issue on November 1,2009,and the payments of interest and amortization of premium on May 1 and November 1,2010.Use the effective interest method of amortization.Round answers to the nearest dollar.