Exercise 16 03 (Video) Blossom Company purchased To Rochart Company Blossom Company Sold 40 of the bonds for $3.500 , 10 yea $1,000 bodo nary 1, 2020, for $70,000. The band pay yon lway 1. On January 1, 2001, after recepto r es Prepare the journal entries to record the transactions described above. C a wers to decimal places, c. 15 Do not indent medy. If entry is r e ady for the aw es and enter for the . Che ac t ies are automatically indented when amount intered there wa s in the order pred in the problem) Account Tales and want (To record recept of interest) (To record sale of bonds)