Blossom Inc. issues $210,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 1 Debit Credit

Blossom Inc. issues $210,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 1 Debit Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EB: Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market...

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Blossom Inc. issues $210,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Mar. 1
Debit
Credit

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