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10 On January 1, Year 1, Bell Corp. 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. of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2.5 Doints View transaction ist eBook Journal entry worksheet 1 2 > Ank Record the issue of bonds payable. Referend Note: Enter debits before credits General Journal Debit Credit Date Jan 01 View general Journal Record entry Clear entry 11 Nivan Co. issued $500,000 of 5 percent, 10-year, callable bonds on January 1, Year 1, at their foce value. The call premium was 3 percent (bonds are callable at 103). Interest was payable annually on December 31. The bonds were called on December 31, Year 5. Required Prepare the journal entries to record the bond issue on January 1. Year 1, and the bond redemption on December 31, Year 5. Entries for accrual and payment of interest are not required. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) 2 points View transaction list eBook Journal entry worksheet

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