Exercise 10-18A Straight-line amortization for bonds issued at a premium LO 10-5 On January 1, Year 1, Sayers Company issued $171,000 of five-year, 8 percent bonds at 104. Interest is payable semiannually on June 30 and December 31. The premium 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 1 2 3 5 2 > Record the issue of bonds payable with premium. Note: Enter debits before credits. Date General Journal Debit Credit JUuIiai Viet voi nuIite 2 3 4 5 Record the issue of bonds payable with premium. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal