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Blossom Company sold $3,320,000,7%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Your answer is correct Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 1/1/22 Cash 3419600 Bonds Payable 3320000 Premium on Bonds Payable 99600 2. 22 Cash 3220400 Discount on Bonds Payable 99600 Bonds Payable 3320000 Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamorti Premiui Issue date $ $ $ $ 1 232400 2 232400 3 232400 Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments. Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value $ $ $ 99600 $ 3419600 Prepare amortization table for issuance of the bonds sold at 97 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamc Disc Issue date $ $ 1 2 3 Prepare amortization table for issuance of the bonds sold at 97 for the first three interest payments. Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value $ $ $ MOON

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