Question: Question 9 --/1 View Policies Current Attempt in Progress Blossom Inc. issues $2,500,000, 5-year, 8% bonds at 102, with interest payable annually on January 1.

Question 9 --/1 View Policies Current Attempt in Progress Blossom Inc.

Question 9 --/1 View Policies Current Attempt in Progress Blossom Inc. issues $2,500,000, 5-year, 8% bonds at 102, with interest payable annually on January 1. The straight-line method is used to amortize bond premium. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 eTextbook and Media List of Accounts Prepare the adjusting journal entry to record interest expense and bond premium amortization on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31

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