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Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2023. (Round answers to O
Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2023. (Round answers to O decimal places, eg. 15,250. Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Dec. 31. 2023 hare to search eTextbook and Medial List of Accounts Debit Credit MA a 15 Coudy A 10PM 216000 On January 1, 2022. Blossom Corporation issued $1.550.000 face value, 4%, 10-year bonds at $1,430,313. This price resulted in an effective interest rate of 5% on the bonds, Lock uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on January 1
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