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The following section is taken from Blossom Ltd.s balance sheet at December 3 1. 201.9 Bond interest is payable annually on January 1 . The
The following section is taken from Blossom Ltd.s balance sheet at December 3 1. 201.9 Bond interest is payable annually on January 1 . The bonds are callable on any interfest dlate. Joumalize the payment of the bond interest on January 1, 2020. (Credit account fities are outomatically indented when amount is entered. Do not indent manuailyd List of Accounts Assume that on January 1,2020, after paying interest, Blossom calls bonds having a face value of $612.500. The call price is 105 . Record the redemption of the bonds. (Credit account titles are automaticolly indented when amount is entered. Do not indent monual l W) Prepare the entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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