Blossom Company issued $ 435,000, 15-year, 4% bonds at 96. (a) Your answer is correct Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 417600 Discount on Bonds Payable 17400 Bonds Porable 435000 Suppose the remaining Discount on Bonds Payable was $ 10,440 on December 31, 2027. Show the balance sheet presentation on this date. BLOSSOM COMPANY Balance Sheet (Partial) December 31, 2027 Long term Liabilities Bonds Payable Add Premium on Bonds Payable s Premium on Bonds Payable