Question:
Blossom Company has issued three different bonds during 2022
Last updated: 3/5/2023
Blossom Company has issued three different bonds during 2022 Interest is payable annually on each of these bonds 1 On January 1 2022 1 100 6 5 year 1 000 bonds dated January 1 2022 were issued at face value On July 1 875 000 7 5 year bonds dated July 1 2022 were issued at 101 3 On September 1 315 000 5 5 year bonds dated September 1 2022 were issued at 98 2 Prepare the journal entries to record each bond transaction at the date of issuance Credit account titles are automatically indented whe amount is entered Do not indent manually Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit