Question: help asap please! Exercise 10-16A (Algo) Straight-line amortization for bonds issued at a discount LO 10-4 On January 1. Year 1, Price Company Issued $194,000

help asap please!

a discount LO 10-4 On January 1. Year 1, Price Company Issued

$194,000 of five-year, 8 percent bonds at 98 . Interest is payable

annually on December 31. The discount is amorized using the straight-ine method.

Exercise 10-16A (Algo) Straight-line amortization for bonds issued at a discount LO 10-4 On January 1. Year 1, Price Company Issued $194,000 of five-year, 8 percent bonds at 98 . Interest is payable annually on December 31. The discount is amorized using the straight-ine method. Required Prepare the Joumal entries to record the bond transactions for Year 1 and Year 2 (if no entry is required for a transoction/event, select "No journal entry required" in the first eccount fleld.) Journal entry worksheet 3. Record the entry for isruance of bonds. Noteil Enter datitu bersen crodita Journal entry worksheet Record the entry for issuance of bonds. Note: Entar debits before creditn- Journal entry worksheet 3 Record the entry for recognizing interest explense on Dec. 31, Year 1. Wotet Enser debits before credith- Journal entry worksheet 1 Record the entry for recogniaing interest expense on Dec, 31, Year 2. Wotei Enter debits before owdits

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