Question: A partial bond amortization schedule for Blossom Corp. is provided below. Blossom has a December 31 year end. Semi-Annual Interest Period Interest Payment Interest Expense
A partial bond amortization schedule for Blossom Corp. is provided below. Blossom has a December 31 year end. Semi-Annual Interest Period Interest Payment Interest Expense Amortization Jan. 1,2021 July 1, 2021 Jan. 1.2022 July 1, 2022 Bond Amortized Cost $305,997 307,247 308,528 309,841 $6,400 6,400 6,400 $7,650 7,681 7.713 $1,250 1,281 1,313 Was the bond issued at a premium or discount? The bond was issued at a ho
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