On January 1,2025 , Blossom issued $780,000 of 9% serial bonds at par. Semiannual interest is payable on January 1 and July 1 and principal of $78,000 matures each January 1 starting in 2026 . The debt will be serviced through a special tax levy designed especially for this purpose. Therefore, transfers will be provided as needed from the Special Revenue Fund. rrepare tne journal entries necessary to recora tne toregoing transactions. (ureat account tles are automatically inaentea wnen amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)