On May 1, 2020, Blossom Corp. issued $650,000, 9%, 5 year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on Muy 1. Financial statements are prepared annually December 31. M Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Tides and Explanation Debit Credit May 1, 2020 Cash 650000 Honds Payable 650000 SHOW LIST OF ACCOUNTS LINK TO 1LXI LINK TO TEXT Your answer is partially correct. Try again. Show the balance sheet presentation on December 31, 2020. (Enter account name Blossom Corp. Balance Sheet (Partial) December 31, 2020 Current Liabilities Interest Payable I 39000 $ > Long-term Liabilities Bonds Payable 65000 $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not inde 5,675.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 x X SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Assume that on January 1, 2022, Blossom pays the accrual bond interest and calls the bonds. The call price is 102. Record the payment of interest and redemption of the bonds. (CH amount is entered. Do not indent manually. Round answers to o decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 Interest Expense Cash (To record payment of interest) Jan. 1, 2022 Bonds Payable Loss on Bond Redemption Cash