Question: Current Attempt in Progress On May 1, 2022, Blossom Corp. issued $820,000,12%,5-year bonds at face value. The bonds were dated May 1 , 2022, and

Current Attempt in Progress On May 1, 2022, Blossom Corp. issued $820,000,12%,5-year bonds at face value. The bonds were dated May 1 , 2022, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Your answer is correct. Drepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Show the balance sheet presentation on December 31, 2022. (Enter account name only and do not provide descriptive information.)

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