Bonds with Annual Interest Payments Required: 1. Prepare the entry to recognize the issuance of the bonds. If an amount box does not require an entry, leave it blank. 2024 Jan. 1 Record issuance of bonds at par. 2. Prepare the journal entry for December 31, 2024. If an amount box does not require an entry, leave it blank. 2024 Dec. 31 Record interest expense 3. Prepare the journal entry to record repayment of the principal on December 31,2025 . If an amount box does not require an entry, leave it blank. 2025 Dec. 31 Record repayment of bond principal