On January 1, Year 1, Price Company issued $210,000 of five-year, 7 percent bonds at 95 . 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.) Journal entry worksheet 3 Record the entry for issuance of bonds. Motei linter debuas before credits. On January 1, Year 1, Price Company issued $210,000 of five-year, 7 percent bonds at 95 . Interest is payable annually on December 31 . The discount is amortized using the straight-line method. Required Prepare the joumal 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.) Journal entry worksheet Record the entry for recognizing interest expense on Dec. 31, Year 1 , Note: Enter debtas betore credas. On January 1, Year 1. Price Company issued $210,000 of five-year, 7 percent bonds at 95 . 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.) Journal entry worksheet Record the entry for recognizing interest expense on Dec. 31 , Year 2 . Nates Enter dehis vefere cradits