Problem 10-05A Blossom Company sold $5,800,000, 8%, 15-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on December 31. The bonds were sold at 95. Your answer is partially correct. Try again. Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 5510000 Bonds Payable 5800000 Premium on Bonds Payable 290000 SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. At December 31, 2022, $8,000 of the bond discount had been amortized. Show the long-term liability balance sheet presentation of the bond liability at December 31, 2022. BLOSSOM COMPANY Balance Sheet (Partial) December 31, 2022 Current Liabilities Bonds Payable 5800000 Add 21 Add Premium on Bonds Payable 290000 SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. At January 1, 2024, when the carrying value of the bonds was $5,684,000, the company redeemed the bonds at 105. Record the redemption of the bonds assuming that interest for the year had already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Bonds Payable 5,80 ,000 Loss on Bond Redemption Discount on Bonds Payable Cash Click if you would like to Show Work for this question: Open Show Work