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Blossom Company issued $394,000 of 8%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. Prepare the

Blossom Company issued $394,000 of 8%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, 2022 Cash Bonds Payable Debit 394000 Credit 394000 Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31, 2022 Interest Expense Interest Payable Debit 31520 Credit 31520 Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, Interest Payable 2023 Cash Debit 31520 Credit 31520 Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 1, 2032 Account Titles and Explanation Debit Credit

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