On January 1,2025 , Blossom Company sold 11% bonds having a maturity value of $700,000.00 for $783,846.67, which provides the bondholders with a 8% yield. The bonds are dated January 1,2025 , and mature January 1,2030 , with interest payable December 31 of each year. Blossom Company allocates interest and unamortized discount or premium on the effective-interest basis. Click here to view factor tables. (a) Prepare the journal entry at the date of the bond issuance. (Round answer to 2 decimal places, eg. 38,548.25. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)