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Blossom Corporation issued 2,000, 6%, 5-year, $1,000 bonds dated January 1, 2022, at 100. Interest is paid each January 1. (a) Prepare the journal entry
Blossom Corporation issued 2,000, 6%, 5-year, $1,000 bonds dated January 1, 2022, at 100. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Janaury 1, 2022 Save for Later Account Titles and Explanation Debit Credit Attempts: 0 of 1 used Submit Answer (b) Prepare the adjusting journal entry on December 31, 2022, to record interest expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date December 31, 2022 Save for Later Account Titles and Explanation Debit Credit Attempts: 0 of 1 used Submit Answer (c) Prepare the journal entry on January 1, 2023, to record interest paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date January 1, 2023 Account Titles and Explanation Debit Credit
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