Blossom Company purchased, on January $1,2025,$ as a held$-$to$-$maturity investment, $$76,000$ of the $8\%,5-$year bonds of Penny Worth Corporation for $$70,238,$ which provides an $10\%$ return.

Prepare Blossom's journal entries for $($a$)$ the purchase of the investment, and $($b$)$ the receipt of annual interest and discount amortization. Assume effective$-$interest amortization is used. $($List all debit entries before credit entries. Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem. Round answers to $0$ decimal places, e$.$g$.1,225.)$

No$.$

Date

Account Titles and Explanation

Debit

$($a$)$

$$

$($b$)$

$$