Presented below is the partial bond premium amortization schedule for Blossom Corp. Blossom uses the effective interest method of amortization. Bond Interest Interest Interest Premium Amortized Periods Payment Expense Amortization Cost Issue $102,161 date $9,600 $9.194 $406 101.755 2 9.600 9.158 442 101.313 1 Prepare the journal entry to record the payment of interest and the premium amortization at the end of the first two periods. (Credit account titles are automatically indente amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.] No. Account Titles and Explanation Debit Credit 1 (To record interest payment.) 2 (To record interest payment.) 2 (To record interest payment.) Save for Later