On January 1, Year 1, Price Company issued $311,000 of five-yeas, 8 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 Note: Enter debots before crests