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Question 7 of 7 < View Policies Current Attempt in Progress -/53 E! Blossom Electric sold $3,800,000, 8%, 10-year bonds on January 1, 2022.

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Question 7 of 7 < View Policies Current Attempt in Progress -/53 E! Blossom Electric sold $3,800,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Blossom Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 103. (a) 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 Jan. 1. 2022 Debit Credit eTextbook and Media

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