Accounts Receivable

Bond Discount

Bonds Payable

Bond Premium

Buildings

Cash

Common Stock

Current Liabilities

Equipment

Gain on Purchase

Inventory

Land

Loss on Purchase

No Entry

Other Contributed Capital

Retained Earnings

On January 1. 2024. Ayayai Company acquired all the assets and assumed all the liabilities of Blossom Company and merged Blossom into Ayayai. In exchange for the net assets of Blossom, Ayayai gave its bonds payable with a maturity value of $560.000. a stated inter est rate of 11%. interest payable semiannually on June 30 and December 31. a maturity date of January 1. 2034. and a yield rate is follows: Prepare the journal entry on the books of Ayayai Company to record the acquisition of Blossom Company's assets and liabilities in exchange for the bonds. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places. e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry " for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)