Current Attempt in Progress Blossom Co enters into a contact to sell Product and Product B on January 2, 2020, for an upfront canh payment of $150 Product A will be delivered in two years January 2, 2022) and Product will be delivered in five years Uanuary 2, 2025]. Blossom Co allocates the $150,000 to Products A and B on a relative stand-alone selling price basis as follow Stand Alone Percent Allocated Selling Prices Allocated Amounts Product A $32,000 20% $30,000 Product B 128,000 BOX 120.000 $160,000 $150,000 Blossom Couses an interest rate of 5%, which is its incremental borrowing rate Prepare the journal entries necessary on January 2, 2020, and December 31, 2020. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If o entry is required, select "No Entry for the account titles and entero for the amounts. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit So sharing 0 tuh o Questions Question Prepare the journal entry needed on December 31, 2021. (Credit Scoutiles are automaty Indented when the amounts enter. Do notIndent manually. If no entry is required, select "No Entry for the accounts and enter for the amounts) Question Account Titles and Explanation Debat Crede Datu December 31, 2021 Question Question Prepare the journal entry needed on January 2, 2022. Credit occountities are automatically indented when the amount is need Do not indent manually. If no entry is quid select "No Entry for the countries and enter for the amounts) Debit Credit Account Titles and Explanation Date January 2.2022 Type here to search Question 16 Using Excel or a financiat calculator, calculate the amount of reverse to be recognized for product t. Round rower to 2 dedim ploces, os 5.27.250 Amount of revenue to be recognized $ Question 37 Question Prepare the journal entry needed on January 2, 2025. (Credit account titles are automatically indented when the amount henteret Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Round answers to decimal places, os 5.2750 Date Account Titles and Explanation Debit Credit January 2, 2025 Question Viewing Savctor Lates Type here to search