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please show work (a) Blossom Co. sold $2.140,000 of 12%, 10-year bonds at 102 on January 1, 2020. The bonds were dated January 1, 2020,
please show work
(a) Blossom Co. sold $2.140,000 of 12%, 10-year bonds at 102 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1.1f Blossom uses the straight-line method to amortize bond premium or discount determine the amount of interest expense to be reported on July 1, 2020, and December 31, 2020. (Round answer to decimal places, eg.38,548) Interest expense to be recorded Step by Step Solution
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