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Prepare journal entry to record the sale of bonds on june

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Reference no: EM132507070

Question 1: Blossom Company issues $250,000, 20-year, 6% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2022.

Account Titles and Explanation Debit Credit

cash ____

bonds payable 250,000

 

Reference no: EM132507070

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