Blowoen Compaey purchased 51400000 ot 106 bonds of Scott Compary on January 1. 2021, paying 51314375 . The bonds mature Jatuary 1. 2031 interest is payable each Juty 1 and Januxy 1. The discount ol 595625 provides an etfective yiuld of 116B Blossom Company uses the eltective interest method and plans to hold these bonds to maturity On July 1,2021, Bloskam Company shoult increase its Detat invectments sccount for the Scott Compsny bonds by 52291 \$42b1 54581. \$55563: Blossom Company purchased $1400000 of 10% bonds of Scott Company on January 1, 2021, paying $1314375. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $85625 provides an effective yield of 11%. Blossom Company uses the effective-interest method and plans to hold these bonds to maturity. On July 1, 2021, Blossom Company should increase its Debt Investments account for the Scott Company bonds by $2291.$4281$4581.$8563. Attempts: 0 of 1 used