Blossom A/S issued 510,000, 9%, 20-year bonds on January 1, 2020, at 104. Interest is payable annually on January 1. Blossom uses straight-line amortization for bond premium or discount.

1/Prepare the journal entry to record the issuance of the bonds.

2/Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2020.

3/Prepare the journal entry to record the payment of interest on January 1, 2021.

4/Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.