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Exercise 15-04 a-d Blossom Company issued $300,000 of 5%, 10-year bonds on January 1, 2020, at face value. Interest is payable annually on January 1.

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Exercise 15-04 a-d Blossom Company issued $300,000 of 5%, 10-year bonds on January 1, 2020, 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 LIST OF ACCOUNTS LINK TO TEXT Prepare the Journal entry to record the accrual of Interest on December 31, 2020. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Account Titles and Explanation Dec 31, 2020 Date Debit Credit 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.) Account Titles and Explanation Jan 1, 2021 Date Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEST Prepare the journal entry to record the redemption of bonds at maturity, assuming Interest for the last interest period has been paid and recorded (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Jan. 1, 2027 Debit

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