Question 22 Blossom Company issued $600,000, 7%, 10-year bonds on December 31, 2019, for $530,000. Interest is payable annually on December 31. Blossom Company uses the straight-line method to amortize bond premium or discount (a) (b) Prepare the journal entry to record the payment of interest and the discount amortization on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT