On January 1, Year 1, Price Company issued $112,000 of five-year, 8 percent bonds at 96. Interest is payable annually on December 31. The discount 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 Record the entry for issuance of bonds. Note: Enter debits before credits. Date Jan 011 General Journal Debit Credit Record entry Clear entry View general journal