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Exercise 15-02 - On January 1, 2020, Blossom Company issued $580,000, 10%, 10-year bonds at face value. Interest is payable annually on January 1. Prepare
Exercise 15-02 - On January 1, 2020, Blossom Company issued $580,000, 10%, 10-year bonds at face value. Interest is payable annually on January 1. 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.) Date Account Titles and Explanation Debit Credit Jan. 1. 2020 SHOW LEST OF ACCOUNTS LINK TO TEXT Prepare the joumal entry to record the aconual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec 31, 2020 Prepare the journal entry to record the payment of interest on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Mocount Titles and Explanation Debit Crndt Jan 1, 2021 SHOW LIST OF ACCOUNTS UNTO TEXT
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