Blossom Company issues $2.1 million, 10-year, 5% bonds at 96, with interest payable on December 31. The straight-line method is used to amortize bond discount. (b) Your answer is partially correct. Prepare the journal entry to record interest expense and bond discount amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Dec 31 Account Titles and Explanation Interest Expense Discount on Bonds Payable