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Blossom Inc. issues $2,000,000,5-year, 8% bonds at 101 , with interest payable annually on January 1 . The straight-line method is usec to amortize bond
Blossom Inc. issues $2,000,000,5-year, 8% bonds at 101 , with interest payable annually on January 1 . The straight-line method is usec to amortize bond premium. (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.) eTextbook and Media List of Accounts Attempts: 0 of 4 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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