On January 1, Year 1, Price, Co. issued $368,000 of five-year, 6 percent bonds at 97. Interest payable is annually on December 31. The discount is amortized using the straight-line method.

Prepare journal entries to record the bond transactions for Year 1 and 2, with year 1 on this table and year two on another. If no entry is required for a transaction/event, select "no journal entry required". Note: enter debits before credits.

Date	General Journal	Debit	Credit
Jan 01