Seved Update Exercise 10-7A Two accounting cycles for bonds issued at face value LO 10-3 On January 1, Year 1, Bell Corp. issued $299,000 of 10-year, 7 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. (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 issue of bonds payable. Note: Enter debits before credits Date General Journal Debit Credit Jan 01 Record entry Clear entry View general jou Sat 2 Record the interest expenses for bonds payable. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record the interest expenser for bonds payable. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal