On January 1, 2016, Bell Corp. issued $249,000 of 10-year, 5 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, 2016. Required Prepare all the general journal entries related to these bonds for 2016 and 2017. (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 2 3 Record the issue of bonds payable. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2016