Knowledge Check 01 On January 1, Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issued at 95. The bonds have a stated interest rate of 8%. The bonds pay interest once per year on December 31. Prepare the appropriate journal entry to record the issuance of the bonds (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 issuance of the bonds for $100,000 at an issue price of $95. Note: Enter debits before credits General Journal Transaction A Cash Credit Debit 95,000