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Blossom Company issues $360,000, 20-year, 10% bonds at 101. Prepare a tabular summary to record the sale of these bonds on June 1, 2022. Include
Blossom Company issues $360,000, 20-year, 10% bonds at 101. Prepare a tabular summary to record the sale of these bonds on June 1, 2022. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Bonds Pay. + Prem. on Bonds Pay. + Common Stock $ $ $ $ Stockholders' Equity Retained Earnings Expense Revenue Dividend $ $ $
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