Current Attempt in Progress Blue Corporation sold $2,150,000, 8%, 5-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1. Blue Corporation uses the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2025, assuming that the bonds sold at 107. (List all debit entries before credit entries. Credit account titles are automatically indented when 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.) te Account Titles and Explanation Cash Premium on Bonds Payable Bonds payable 31 Interest Expense Debit Credit 2,300,500 141,900 Premium on Bonds Payable 30,100 Interest Payable eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare journal entries to record the issuance of the bonds and bond interest expense for 2025, assuming that the bonds sold at 98. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Attempts: 0 of 3 used Submit