On January 1, Year 1, Price Company issued $364,000 of five-year, 4 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.) View transaction list Record the entry for Issuance of bonds. Record the entry for recognizing interest expense on Dec. 31, Year 1. 3 Record the entry for recognizing interest expense on Dec. 31, Year 2.