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Blossom Company issued $ 3 2 7 , 0 0 0 , 8 % , 1 5 - year bonds on December 3 1 ,
Blossom Company issued $year bonds on December for $ Interest is payable annually on December Blossom uses the straightline method to amortize bond premium or discount.
Prepare the journal entries to record the following events. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
a The issuance of the bonds.
b The payment of interest and the discount amortization on December
c The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
Date
Account Titles and Explanation
Debit
Credit
Discount on Bonds Payable
Bonds Payable
lec.
Interest Expense
Discount on Bonds Payable
lec.
Bonds Payable
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