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Blossom Limited had the following transactions pertaining to debt investments. Purchased 50 2,000 Petal Co. 8% bonds for 100,000 cash. Interest is payable annually on

Blossom Limited had the following transactions pertaining to debt investments. Purchased 50 2,000 Petal Co. 8% bonds for 100,000 cash. Interest is payable annually on January 1. Jan. 1, 2020 Dec. 31, 2020 Accrued interest on the Petal Co. bonds. Jan. 1, 2021 Received interest on Petal Co. bonds. Jan. 1.2021 Sold 30 Petal Co. bonds for 67,000

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