part 1.2.3

On Januacy 1, Year 1, Price Company issued $190,000 of five-year, 7 percent bonds at 94 , Interest is payable annually on December 31 . The discount is amortized using the straight-ine method: Required Prepare the journat 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 Recond the entry for issuance of bonds. Nutei Inter debits belore crests. Journal entry worksheet Record the entry for recognizing interest expense on Dec. 31, Year 1. Note: Enter debits before credits. Journal entry worksheet Record the entry for recognizing interest expense on Dec. 31, Year 2. Note: Enter debits before credits. On Januacy 1, Year 1, Price Company issued $190,000 of five-year, 7 percent bonds at 94 , Interest is payable annually on December 31 . The discount is amortized using the straight-ine method: Required Prepare the journat 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 Recond the entry for issuance of bonds. Nutei Inter debits belore crests. Journal entry worksheet Record the entry for recognizing interest expense on Dec. 31, Year 1. Note: Enter debits before credits. Journal entry worksheet Record the entry for recognizing interest expense on Dec. 31, Year 2. Note: Enter debits before credits