On January 1, Year 1, Sayers Company issued $217,000 of five-year, 5 percent bonds at 103. 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.)

Journal entry worksheet 2 5 Record the issue of bonds payable with premium. Note: Enter debits before credits. Journal entry worksheet Record the interest expense and amortization for bonds payable for June 30 , Year 1. Note: Enter debits before credits. Journal entry worksheet Record the interest expense and amortization for bonds payable for December 31, Year 1. Note: Enter debits before credits. lournal entry worksheet 1 Record the interest expense and amortization for bonds payable for June 30 , Year 2. Note: Enter debits before credits. Journal entry worksheet 1 Record the interest expense and amortization for bonds payable for December 31 , Year 2. Note: Enter debits before credits