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Blossom Company issues $ 2 5 0 , 0 0 0 , 2 0 - year, 6 % bonds at 1 0 1 . Prepare

Blossom Company issues $

250, 000, 20 -

year,

6 %

bonds at

101 .

Prepare the journal entry to record the sale of these bonds on June

1, 2022 . (

Credit account titles are automatically indented when amount is entered. Do not indent manually.

)

Account Titles and Explanation

Debit

Credit

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