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On April 1,2019, Blue issued $2,400,000,9% bonds for $2,581,758 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January
On April 1,2019, Blue issued $2,400,000,9% bonds for $2,581,758 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2029. (Credit account titles are outomatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) On July 1,2021 Blue retired $720,000 of the bonds at 102 plus accrued interest. Blue uses straight-line amortization. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.8. 5,275.)
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