Exercise 10-16A (Static) Straight-line amortization for bonds issued at a discount LO 10-4\ On January 1, Year 1, Price Company issued

$190,000

of five-year, 6 percent bonds at

(961)/(2)

. Interest is payable annually on December 31. The discount 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\ 1\ 2\ 3\ Record the entry for issuance of bonds.\ Note: Enter debits before credits.\ \\\\table[[Date,General Journal,Debit,Credit],[Jan 01,,,],[,,,],[,,,],[,,,],[,,,]]

Exercise 10-16A (Static) Straight-line amortization for bonds issued at a discount LO 10-4 On January 1, Year 1, Price Company issued $190,000 of five-year, 6 percent bonds at 96 1/2. Interest is payable annually on December 31. The discount 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