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Blossom Company issued $$600,000,7\%,10-$year bonds on December $31,2021,$ for $$530,000.$ Interest is payable annually on December $31.$ Blossom Company uses the straight$-$line method to amortize bond premium or discount.

$($a$)$

Your answer is partially correct.

Prepare the journal entry to record the issuance of the bonds. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[\backslash$table$[[Dec31.],[2021]]],[,$Discount on Bonds Payable,,$]]$