PLUS Kimmel, Financial Accounting, 8e Brief Exercise 10-11 Your answer is partia

Question

PLUS Kimmel, Financial Accounting, 8e Brief Exercise 10-11 Your answer is partially correct. Try again. The balance sheet for Blossom Company reports the following information on July 1, 2017 BLOSSOM COMPANY Balance Sheet (partial) Long-term liabilities Bonds payable $4,300,000 96,750 $4,203,2s0 Less: Discount on bonds payable Blossom decides to redeem these bonds at 103 after paying annual interest Prepare the journal entry to record the redemption on July 1, 2017. (Credit account titles are automatically indented when amourn Date Account Titles and Explanation July 1 Bonds Payable Debit Credit Discount on Bonds Payable LEST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 1 of S u FI F3 FS F7 F8

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Note :

Date Accounts Titles & Explanation Debit ($) Credit ($) July 1 Bonds payable 4,300,000 Loss on bonds redemption 225,750 Cash 4,429,000 Discount on bonds payable 96,750

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