Exercise 15-15a-d Blossom Company issued $400,000, 596, 20-year bonds on January 1, 2020, at 101. Interest is payable annually on January 1. Blossom uses straight-line amortization for bond premium or discount. Your answer is incorrect. Try again Prepare the journal entry to record the accrual of interest and the premium amortization 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. 31 2020 Interest Expense Discount on Bonds Payable 20000 Interest Payable 400000; SHOW LIST OF ACCOUNTS LINK TO TEXT X 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. 1, 2021 SHOW LIST OF ACCOUNTS LINK TO TEXT X Your answer is incorrect. Try again Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2040 Click if you would like to Show Work for this question: Open Show Work