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At the end of 2025, Blossom Company purchased 6000,$1000,10% bonds. The carrying value of the bonds at December 31,2025 was $5925000. The bonds mature on
At the end of 2025, Blossom Company purchased 6000,$1000,10% bonds. The carrying value of the bonds at December 31,2025 was $5925000. The bonds mature on March 1, 2030, and pay interest on March 1 and September 1. Blossom sells 3000 bonds on September 1,2026, for $2989500, after the interest has been received, Blossom uses straight-line amortization. The gain on the sale is $21000. $33000. $0 $27000
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