CUORUNIUR OWNobdable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 2 On May 1, 2021, Blue Spruce Corp. purchased $1,505,000 of 12% bonds, Interest payable on January 1 and July 1, for $1,406,500 plus accrued interest. The bonds mature on January 1, 2027. Amortization is recorded when interest is received by the straight-line method. (Assume bonds are available for sale.) (a) Prepare the journal entry for May 1, 2021. (Credit account titles are automat for the account titles and enter o for the amounts.) Mted when amount is entered. Do not indent manually. If no entry is required, select "No Entry Date Account Titles and Explanation May 1, 2021 Debit Credit Attemptsio of 1 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above ay Policy 2000-2020 h SonsInc. All Rights Reserved. A Dife W o n Inc