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Exercise 10-11 Blossom Company issued $585,500 of 5-year, 10% bonds at 98 on January 1, 2019, The bonds pay interest annually. Prepare the journal entry

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Exercise 10-11 Blossom Company issued $585,500 of 5-year, 10% bonds at 98 on January 1, 2019, The bonds pay interest annually. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Cash Debit Credit Discount on Bonds Payable Bonds Payable SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: APPLIED SKILLS Compute the total cost of borrowing for these bonds. Total cost of borrowing s

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