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Prepare journal entries to record the following transactions related to long-term bonds of Blossom Co. (a) On April 1, 2023, Blossom issued $2,480,000, 9% bonds

Prepare journal entries to record the following transactions related to long-term bonds of Blossom Co. (a) On April 1, 2023, Blossom issued $2,480,000, 9% bonds for $2,667,816 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2033. (Credit account titles are automatically indented when the 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.) Account Titles and Explanation List of Accounts Save for Later Account Titles and Explanation Debit (To record interest and premium on bonds) On July 1, 2025, Blossom retired $744,000 of the bonds at 102 plus accrued interest. Blossom uses straight-line amortization. (Credit account titles are automatically indented when the 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. Round answers to O decimal places, e.g. 5,275. List all debit entries before credit entries.) Credit Debit Attempts: 0 of 1 used Submit Answer Credit
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Prepare journat entries to record the following transactions related to long-term bends of Blossom Co0 (a) On Acril 1, 2023, Blossom issued \$2,480,000, 9% bonds for $2,667,816 including accrued interest. Interest is payatile annually on January 1, and the bonds mature on January 1,2033, (Credit occount titles are outamatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles ond enter O for the amounts. Ust all debit entries before. credit entries) List of Accounts Attempts: 0 of 1 used (b) On July 1, 2025, Blossom retired $744,000 of the bonds at 102 plus accrued interest. Blossom uses straight-line amortization (Credit account tities are automatically indented when the amount is entered. Do not indent manualik. If no entry la required, select "No Entry for the account tifles and enter O for the amounts. Round answers to 0 decimal places, eg. 5,275. Ust all debit entries before credic entries

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