On January 1 , Year 1 , Price Company issued $134,000 of five-year, 5 percent bonds at 94 . 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 Note: Enter debits before credits. On January 1 , Year 1 , Price Company issued $134,000 of five-year, 5 percent bonds at 94 . 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 1. Note: Enter debits before credits. On January 1 , Year 1, Price Company issued $134,000 of five-year, 5 percent bonds at 94 . 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. Note: Enter debits before credits