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Current Attempt in Progress Blue Corporation sold $2,150,000, 8%, 5-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay
Current Attempt in Progress Blue Corporation sold $2,150,000, 8%, 5-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1. Blue Corporation uses the straight-line method to amortize bond premium or discount. (a) Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2025, assuming that the bonds sold at 107. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Attempts: 0 of 3 used Submit Answer
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