Blossom Company sold $3,100,000,7%,10-year bonds on January 1, 2025. The bonds were dated January 1,2025, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 95 . (List all debit entries before credit entries. 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 0 for the amounts.) lo. Date Account Titles and Explanation Debit Credit 1//1//25 Cash Bonds Payable Premium on Bonds Payable 1//1//25 Cash Discount on Bonds Payable ]

Prepare amortization table for issuance of the bonds sold at 95 for the first three interest payments. Prepare amortization table for issuance of the bonds sold at 101 for the first three interest payments. Prepare amortization table for issuance of the bonds sold at 95 for the first three interest payments. Blossom Company sold $3,100,000,7%,10-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1 . The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 95. (List all debit entries before credit entries. 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 0 for the amounts.)