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blossom company issued 400,000, 55, 20 year bonds on january 1, 2022 at 101. Interest is payable annually on january 1. Blossom uses straight line

blossom company issued 400,000, 55, 20 year bonds on january 1, 2022 at 101. Interest is payable annually on january 1. Blossom uses straight line amortization for bond premium or discount. prepare the journal entry to record payment of interest on January 1 2023

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