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Question 28 of 35 - 75 View Policies Current Attempt in Progress Presented below is the partial bond premium amortization schedule for Blossom Corp. Blossom
Question 28 of 35 - 75 View Policies Current Attempt in Progress Presented below is the partial bond premium amortization schedule for Blossom Corp. Blossom uses the effective-interest method of amortization. Interest Payment Interest Expense Premium Amortization Bond Amortized Cost Interest Periods Issue date $80,312 1 $2,960 $551 79,761 $2,409 2,393 2 2,960 567 79,194 Prepare the journal entry to record the payment of interest and the premium amortization at the end of the first two periods. (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 O for the amounts.) ......IT:ll...dr-lesz-l:.. N-L: J: O Type here to search DI W Question 28 of 35 - 75 III Entry" for the account titles and enter Ofor the amounts.) No. Account Titles and Explanation Debit Credit 1 (To record interest payment.) 2 (To record interest payment.) Save for Later Attempts: 0 of 1 used Submit Answer O Type here to search o w C
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