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Blossom Company sold $3,100,000,7%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay Interest on January 1. Th company

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Blossom Company sold $3,100,000,7%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay Interest on January 1. Th company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 95. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 1/1/22 2. 1/1/22 Bramble Corporation sold $2,200,000,7%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Bramble Corporation uses the straight-line method to amortize bond premium or discount. port Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 105. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Jan. 1 Dec. 31

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