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  3. blossom company issues (in euros) 2.80 million, 10

Blossom Company issues (in euros) 2.80 million, 10-year, 8% bonds at 98, with interest payable...

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Accounting

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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Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 11

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