Question: CALCULATOR FULL SCREEN PRINTER VERSION BACK HAI HRCES Exercise 15-17 a-c (Part Level Submission) Blossom Corporation issued $350,000, 7%, 20-year bonds on January 1, 2020,

CALCULATOR FULL SCREEN PRINTER VERSION BACK HAI HRCES Exercise 15-17 a-c (Part Level Submission) Blossom Corporation issued $350,000, 7%, 20-year bonds on January 1, 2020, for $315,636. This price resulted in an effective interest rate of 85 on the bonds. Interest is payable annually on January 1. Blossom uses the effective-interest method to amortize bond premium or discount 06 12a-b (a) Prepare the journal entry to record the issuance of the bonds. (Round answers to o decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Debit car Jan. 1 Study Atents o of 15 used SAVE POR LATER SUBMIT

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