Current Attempt in Progress Blossom Company issues $380,000 of 5-year, 8% bonds on January 1, 2021. Interest is paid annually. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Your answer is correct. Assuming the market interest rate was 10% on the date of issue, record the issue of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, eg. 5,276.) Date Account Titles and Explanation Jan. 1, 2021 Cash Bonds Payable (To record issuance of bonds.) Debit 351190 Credit 351190