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On January 1.2024, Blossom Ltd, issued $450.000 of 5%. 5 -year bonds. The bonds were issued to yield a market interest rate of 6%. Blossom's
On January 1.2024, Blossom Ltd, issued $450.000 of 5%. 5 -year bonds. The bonds were issued to yield a market interest rate of 6%. Blossom's year end is December 31. On January 1.2026, immediately after making and recording the semi-annual interest payment. Blossom redeemed the bonds. A partial bond amortization schedule is presented below. Prepare the journal entry to record the payment of interest on July 1, 2024. (Lst all debit entries before credit entries. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, seloct "No Entry" for the occount titles and enter ofor the amounts)
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