On January 1, Year 1, Sayers Company issued $209,000 of five-year, 6 percent bonds at 105. Interest is payable semiannually on June 30 and December 31. The premium 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.)

• 1

  Record the issue of bonds payable with premium.

• 2

  Record the interest expense and amortization for bonds payable for June 30, Year 1.

• 3

  Record the interest expense and amortization for bonds payable for December 31, Year 1.

• 4

  Record the interest expense and amortization for bonds payable for June 30, Year 2.

• 5

  Record the interest expense and amortization for bonds payable for December 31, Year 2.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jan 01