Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, year 1. Interest is payable at the end of each year. The bonds mature at the end of four years. The following schedule has been partially completed amounts in thousands): Interest Carrying Cash Paid Expense Amortization Amount January 1, year 1 (issuance) $7,301 December 31, year 1 $540 $511 $ 29 7,272 December 31, year 2 540 ? 7,241 December 31, year 3 540 ? 7 December 31, year 4 540 7 7 7,200 2 7 2. Prepare the journal entry to record the payment of interest at December 31, year 2. Use the effective-interest method. Assume that Berj Corporation doesn't use premium account. (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet