Current Attempt in Progress The balance sheet for Blossom Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $2.900,000 Less: Discount on bonds payable 116,000 $2,784,000 Blossom decides to redeem these bonds at 103 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 $2,784,000 Blossom decides to redeem these bonds at 103 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1 Debit Credit Save for Later Attempts: 0 of 1 used Submit