Blossom Company issued $585,500 of 5-year, 10% bonds at 98 on January 1, 2022. The bonds pay interest annually. (a1) Your answer is correct. 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Cash Discount on Bonds Payable Bonds Payable Debit 573790 11710 Credit 585500