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On January 1, Year 1 Bell Corporation issued $270,000 of 10 year, 8 percent bonds at their face amount. Interest is payable on December 31

On January 1, Year 1 Bell Corporation issued $270,000 of 10 year, 8 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, Year 1.

Required: Prepare all the general journal entries related to these bonds for Year 1 and Year 2. ( If no entry is required for a transaction/avant, select "No journal entry required")

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