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How do make the journal entry to record the issuance of bond

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Reference no: EM132701867

Blossom Company issued $510,000, 9%, 20-year bonds on January 1, 2020, at 104. Interest is payable annually on January 1. Blossom uses straight-line amortization for bond premium or discount.

Problem 1: 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.)

Reference no: EM132701867

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