On January 1, Year 1, Price Company issued $190,000 of five-year, 6 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. General Journal Debit Credit Note: Enter debits before credits. Date Jan 011 Record entry Clear entry View general journal 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 3 Record the entry for recognizing interest expense on Dec. 31, Year 1. Note: Enter debits before credits Date Dec 31 General Journal Debit Credit View general journal Record entry Clear entry < Prev 6 of 6 On January 1, Year 1, Price Company Issued $190,000 of five-year, 6 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 Record the entry for recognizing interest expense on Dec. 31, Year 2. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal