Blossom Company issued $$620,000,5\%,20-$year bonds on January $1,2022,$ at $101.$ Interest is payable annually on January $1.$ Blossom

uses straight$-$line amortization for bond premium or discount.

$($a$)$

$($b$)$

$($c$)$

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

Debit

Credit

Jan. $1,$

$2023$

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Attempts: $0$ of $5$ used

$($d$)$

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. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1,$

$2042$