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Posted on Aug 13, 2024

Blossom Company purchased 8 0 Rinehart Company 8 % , 1 0 - year, $ 1 , 0 0 0 bonds on January 1 ,

Blossom Company purchased

80

Rinehart Company

8 %, 10 -

year, $

1, 000

bonds on January

1, 2022,

for $

80, 000 .

The bonds pay interest annually on January

1 .

On January

1, 2023,

after receipt of interestBlossom Company sold

50

of the bonds for $

48, 000

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