Prepare the general journal entries for the below transactions.

1) Issued $300,000 of 8-year, 5 percent bonds for $282,000. The annual cash payment for interest is due on December 31.?

2) Recognized interest expense, including the straight-line amortization of the discount, and made the cash payment for interest.

3) Closed the interest expense account.

4) Recognized interest expense, including the straight-line amortization of the discount, and made the cash payment for interest.

5) Closed the interest expense account.

During 2016 and 2017, Agatha Corp. completed the following tanactions relating to itsbond ssue. The corporation's fiscal year is the calendar year. 2016 Jan. 1 Issued $300,000 of 8-year, 5 percent bonds for $282,000. The annual cash payment for interest is due on December 31 Dec. 31 Recognized interest expense, including the straight-line amortization of the discount, and made the cash payment for interest. Dec. 31 Closed the interest expense account. 2017 Dec. 31 Recognized interest expense, including the straight-line amortization of the discount, and made the cash payment for interest Dec. 31 Closed the interest expense account