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Business, 20.04.2021 21:10 aniacopenowell7

Blossom Company issued $620,000, 5%, 20-year bonds on January 1, 2020, at 101. Interest is payable annually on January 1. Blossom uses straight-line amortization for bond premium or discount. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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