10.B/C

The following section is taken from Blossom's balance sheet at December 31, 2021. Interest is payable annually on January 1 . The bonds are callable on any annual Interest date. (b) Assume that on January 1,2022, after paying interest, Blossom calls bonds having a face value of $400,000. The call price is 105 . Record the redemption of the bonds. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually) Prepare the adjusting entry on December 31,2022 , to accrue the interest on the remaining bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually)