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Blossom Electric sold $ 5,980,000, 11%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1.
Blossom Electric sold $ 5,980,000, 11%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 98. Blossom Electric Balance Sheet (Partial) $ At December 31, 2020, $7,700 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2020. (Enter account name only and do not provide descriptive information.) Blossom Electric Balance Sheet (Partial) . $
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