Blossom Company issues $390,000, 20-year, 8% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1,2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)Date Account Titles and ExplanationJune 1DebitCredit

Bonds are debt instruments that carry the payment for interest annually and payment of face value on…

som Company issues $390,000, 20-year, 8% bonds at 101. Prepare the journal entry to record the sale of these bonds on. 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) te Account Titles and Explanation e 1 Debit Credit

som Company issues $390,000, 20-year, 8% bonds at 101. Prepare the journal entry to record the sale of these bonds on. 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) te Account Titles and Explanation e 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 Company issues $390,000, 20-year, 8% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1,
2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
June 1
Debit
Credit

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