Blossom Company sold $3,300,000, 6%, 10-year bonds on January 1, 2020. The bonds were dated January 1,

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Blossom Company sold $3,300,000, 6%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and pay interest annually on January 1. Blossom Company uses the straight-line method to amortize bond premiums or discounts.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Mar 24, 2021 01:14 PM

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Blossom Company sold $3,300,000, 6%, 10-year bonds on January 1, 2020. The bonds were dated January 1,

Question:

Show balance sheet presentation for the bonds at December 31, 2020. Blossom Company Balance Sheet (Partial) Premium %24 > Show balance sheet presentation for the bonds at December 31, 2020. Blossom Company Balance Sheet (Partial) Premium %24 >

Expert Answer:

Face value of bond 3300000 Bond issued at 101 101100x3300000 ... View the full answer

Accounting Principles

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