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  3. blossom company sold $6,900,000,8%,15-year bonds o

Blossom Company sold $6,900,000,8%,15-year bonds on January 1, 2025. The bonds were dated January 1,...

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Accounting

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Blossom Company sold $6,900,000,8%,15-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on December 31 . The bonds were sold at 95. At January 1, 2027, when the carrying valwe of the bonids was $6,601,000, the cornpary fexfeemed the bonds at 105 . Record the redemption of the bonds assuming that interest for the year had already been paid, (List all debit entries before credit entries. Oredlt account tities are outomoticolly indented when amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the. occount titles and enter Ofor the amounts)

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