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been trying this examples for a while now and cant seem to get it. any help would be appreciated! Blue Corporation sold $2,150,000,8%, 5-year bonds

been trying this examples for a while now and cant seem to get it. any help would be appreciated! image text in transcribed
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image text in transcribed
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Blue Corporation sold $2,150,000,8%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1 Blue Corporation uses the straight-line method to amortize bond premium or discount. Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 107. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 | Cash Discount on Bonds Payable Bonds Payable Dec. 31 Interest Expense Discount on Bonds Payable Interest Payable

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