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Blossom Company issued $560,000, 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable annually January 1. Blossom uses the straight-line method
Blossom Company issued $560,000, 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable annually January 1. Blossom uses the straight-line method of amortization and has a calendar year end. Prepare all journal entries made in 2020 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit
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