The following section $is$ taken from Blossom's balance sheet $at$ December $31,2026.$ The following section is taken from Blossom's balance sheet at December $31,2026.$

Current liabilities

Interest payable

$$30,000$

Long$-$term liabilities

Bonds payable $(6\%,$ due January $1,2030),500,000$

Interest is payable annually on January $1.$ The bonds are callable on any annual interest date.

Journalize the payment of the bond interest on January $1,2027.($Credit account titles are automatically indented when amount is

entered. Do not indent manually.$)$

List of Accounts Assume that on January $1,2027,$ after paying interest, Blossom calls bonds having a face value of $$200,000.$ The call price is $101.$

Record the redemption of the bonds. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

List of Accounts

Attempts: $1$ of $5$ used

$($C$).$

Prepare the adjusting entry on December $31,2027,$ to accrue the interest on the remaining bonds. $($Credit account titles are

automatically indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31,$

$2027$

Current liabilities

Interest payable

$$30,000$

Long$-$term liabilities

Bonds payable $(6\%,$ due January $1,2030),500,000$

Interest $is$ payable annually $on$ January $1.$ The bonds are callable $on$ any annual interest date.

$(a)$

Your answer $is$ correct.

Journalize the payment $of$ the bond interest $on$ January $1,2027.(Credit$ account titles are automatically indented when amount $is$

entered. $Do$ not indent manually.$)$

List $of$ AccountsAssume that $on$ January $1,2027,$ after paying interest, Blossom calls bonds having a face value $of$ $$200,000.$ The call price $is101.$

Record the redemption $of$ the bonds. $(Credit$ account titles are automatically indented when amount $is$ entered. $Do$ not indent manually.$)$

List $of$ Accounts

Attempts: $1of5$ used

$(C).$

Prepare the adjusting entry $on$ December $31,2027,to$ accrue the interest $on$ the remaining bonds. $(Credit$ account titles are

automatically indented when amount $is$ entered. $Do$ not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31,$

$2027$