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Blossom Company sold $3,100,000,7%,10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. The company uses
Blossom Company sold $3,100,000,7%,10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare amortization table for issuance of the bonds sold at101for the first three interest payments.
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