Blossom Corporation sold 230 convertible, 10-year bonds at par for $ 230,000. Each bond pays 5% annual interest and each bond can be converted to ten common shares at the bondholder's request. When the bonds were issued common shares were trading for $ 13 per share. The market rate of interest for similar bonds without conversion rights was 7%. Prepare the journal entry to record the issuance of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash Common Shares Bonds Payable 230000