Exercise 15-02 a-c On January 1, 2020, Blossom Company issued $555,000, 14%, 10-year bonds at face value. Interest is payable annually on January 1. | Your answer is incorrect. Try again. Prepare the journal entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. x 31, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is incorrect. Try again. Prepare the journal entry to record the payment of interest on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 2021 Click if you would like to Show Work for this question: Open Show Work