Problem 15-02A a-c (Part Level Submission) (Video) Blossom Electric sold $4,000,

Question

Problem 15-02A a-c (Part Level Submission) (Video) Blossom Electric sold $4,000,000, 10%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 95. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Date Account titles and Explanation Debit Credit Jan. 1, 2020 Cash 3,800,000 Discount on Bonds payable 200,000 Bonds payable 4,000,000

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