Blossom Company issues (in euros) €2.80 million, 10-year, 8% bonds at 98, with interest payable annually on January 1.
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Homework Answers
| Date | Account Titles and Explanation | Debit | Credit |
| Jan. 1 | Cash (2800000*104%) | $2912000 | |
| Bonds payable | $2800000 | ||
| Premium on bonds payable | $112000 |
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Brief Exercise 10-9
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Brief Exercise 10-9
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