Business, 14.12.2019 01:31 maciemarklin79981

Blossom corporation issued $564,000 of 7% bonds on may 1, 2020. the bonds were dated january 1, 2020, and mature january 1, 2023, with interest payable july 1 and january 1. the bonds were issued at face value plus accrued interest.

prepare blossom’s journal entries for (a) the may 1 issuance, (b) the july 1 interest payment, and (c) the december 31 adjusting entry

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Blossom corporation issued $564,000 of 7% bonds on may 1, 2020. the bonds were dated january 1, 2020...

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