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Blossom Company issued $ 6 0 8 , 0 0 0 , 7 % , 1 0 - year bonds on January 1 , 2
Blossom Company issued $year bonds on January for $ This price resulted in an effectiveinterest
rate of on the bonds. Interest is payable annually on January Blossom uses the effectiveinterest method to amortize bond
premium or discount.Your answer is partially correct.
Prepare the journal entry to record the accrual of interest and the premium amortization on December 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. Round answers to decimal places, eg
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