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Blossom Company issues $200,000, 20 year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1. 2020.

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Blossom Company issues $200,000, 20 year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1. 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 1 Sandhill Company has issued three different bonds during 2020. Interest is payable annually on each of these bonds. On January 1, 2020,1.600,6%, 5-year $1.000 bonds dated January 1, 2020, were issued at face value On July 1, 5800,000.7%, 5-year bonds dated July 1, 2020, were issued at 101 On September 1, $275,000,5%, 5-year bonds cated September 1, 2020, were issued at 98 1 2 3 Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do notIndent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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