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Current Attempt in Progress Elossom Company issued 51,500,000 of 10%,10-vear bonds on Jamuary 1,2017, at 102. interest is payable semiannually on July 1 and January

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Current Attempt in Progress Elossom Company issued 51,500,000 of 10%,10-vear bonds on Jamuary 1,2017, at 102. interest is payable semiannually on July 1 and January 1. Blossom Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yicld of 9.6833%. Prepare the journal entrics to record the following: (Credit account titiei ore dutomatically indented when the amount entered. Do not Indent manually if no entyy is required, select "No Entry' for the account tilies and enter O for the amounts) (a) Theistuance of the bonds. (b) The payment of interest and related amortization on July 1.2017. (c) The accrual of interest and the related amortization on December 31,2017 Date Account Titles and Explanation Debit Credit (a) 1/1/17 (b) 7/1/17 (c) 12/31/17 eTextbook and Media

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