Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium Pear, Inc. issued $202,000 of 10-year, 8 percent bonds at 102 b. Apple, Inc. issued $76,000 of five-year, 12 percent bonds at 98. e Cherry Co, issued $134,000 of five year, 6 percent bonds at 102 1/4 d. Grape, Inc. issued $47,000 of four year, 8 percent bonds at 98.00, On January 1, Year 1. Price Co Issued $110,000 of five-year, 6 percent bonds at 95. 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.) View transaction list Journal entry worksheet 1 2 3 ces Record the entry for issuance of bonds. Note: Enter debts before credits General Journal Dobit Credit Date Jan 01 Record entry Clear entry View general Journal On January 1 Year 1, Sayers Company issued $304,000 of five-year 4 percent bonds at 105. Interest is payable semiannually on June 30 and December 31. The premium 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.) View transaction lit Journal entry worksheet >