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On July 1, 2024, Blossom Corp. issued $4.04 million of 10 -year, 5% bonds at $4,370,299. This price resulted in a 4% market interest rate
On July 1, 2024, Blossom Corp. issued $4.04 million of 10 -year, 5% bonds at $4,370,299. This price resulted in a 4% market interest rate on the bonds. The bonds pay semi-annual interest on July 1 and January 1 , and Blossom has a December 31 year end. (a) Your answer is correct. Record the issue of the bonds on July 1, 2024. (List debit entry before credit entry. Credit account titles are automatically 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 tho amaumb- 1 Prepare an effective-interest amortization table for the first eight interest payments for these bonds. (Round answers to 0 decimal ploces, eg. 5,275.) eTextbook and Media List of Accounts Attempts: 0 of 5 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above
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