$4$

Exercise TU$-$IA $($Static$)$ Iwo accounting cycies tor Donas issued at tace value LU TU$-$

On January $1,$ Year $1,$ Bell Corporation issued $$180,000$ of $10-$year, $6$ percent bonds at their face amount. Interest is payable on December $31$ of each year with the first payment due December $31,$ Year $1.$

Required

Prepare all the general journal entries related to these bonds for Year $1$ and Year $2.$

Note: If no entry is required for a transaction or event, select $"$No journal entry required" in the first account field.

Journal entry worksheet

ferences

$1$

$2$

$3$

Record the issue of bonds payable.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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