Blossom Company issued $579,000 of 9 , 10 year bonds on January 1, 2020, at face value Interest is payable annually on January 1 Your answer is incorrect Try again 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 Debit Credit Jan 1, 2020 LINK TO TEXT Your answer is partially correct Try again Prepare the journal entry to record the accrual of interest on December 31, 2020 (Credit account titles are automatically indented when amount is entered Do not indent manually ) Date Account Titles and Explanation Debit Credit Dec 31, 2020 LINK TO TEXT Your answer is partially correct Try again Prepare the journal entry to record the payment of interest on January 1, 2021 (Credit account titles are automatically indented when amount is entered Do not indent manually ) Date Account Titles and Explanation Debit Credit Jan 1, 2021 LINK TO TEXT Your answer is incorrect Try again 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 Account Titles and Explanation Debit Credit Jan 1, 2027 LINK TO TEXT Question Attempts 1 of 5 used SAVE FOR LATER SUBMIT ANSWER

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Blossom Company issued $579,000 of 9%, 10-year bonds on January 1, 2020, at face value. Interest is payable annually on January 1. Your answer is

Blossom Company issued $579,000 of 9%, 10-year bonds on January 1, 2020, at face value. Interest is payable annually on January 1.


	Your answer is incorrect. Try again.

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	Debit	Credit
Jan. 1, 2020

LINK TO TEXT


	Your answer is partially correct. Try again.

Prepare the journal entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Dec. 31, 2020

LINK TO TEXT


	Your answer is partially correct. Try again.

Prepare the journal entry to record the payment of interest on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 1, 2021

LINK TO TEXT


	Your answer is incorrect. Try again.

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.)