Exercise 10-16A Straight-line amortization for bonds issued at a discount LO 10-4 On January 1, Year 1, Price Co. Issued $190,000 of five-year, 6 percent bonds at 96 %. Interest is payable annually on December 31 The discount is amortized using the straight-line method. Required Prepare the journal entries to record the bond transactions for Year 1 and Year 2. If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet > Record the entry for issuance of bands. tradits before Data Jan 01 General Journal Deba Credit - 183 350 Cash Discount on bonds payable Bondable 6.650 100.000 Bacondary Clear entry Prey 1 of 20 Next > Book Free SRL 2 3 . 5 B 6 EN Q ca w E R T Y C A S D F G H K 1 z 1 X V B N M 36 rai Journal entry worksheet