Blue Corporation sold $3,250,000, 7%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Blue Corporation uses the straight-line method to amortize bond premium or discount.

Blue Corporation sold $3,250,000, 7%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Blue Corporation uses the straight-line method to amortize bond premium or discount Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 107. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1 Dec 31 e Textbook and Media Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Jan 1 Dec 31 (1) Show the balance sheet presentation for the bond issue at December 31, 2022 using the 107 selling price. BLUE CORPORATION Balance Sheet (Partial) $ (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 98 selling price. BLUE CORPORATION Balance Sheet (Partial) $