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In January 2022, the management of Blossom Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During

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In January 2022, the management of Blossom Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Jan. 1 Purchased 75$1,000,8% TRC bonds for $75,000. Interest is payable annually on December 31 . Feb. 1 Purchased 1.295 shares of LAF common stock for $53,095. Mar: 1 Purchased 540 shares of NCL common stock for $18,900. July 1 Received a cash dividend of 50.80 per share on the LAF common stock. Aug: 1 Sold 217 shares of LAF common stock at 540 per share. Sept. 1 Received $2 per share cash dividend on the NCL common stock: Dec. 31 Received the anmwalinterest on the TRC bonds. 31 Sold the TRC bonds for 577.665 AI December 31, the fair values of the LAF and NCL cortuon stocks were $37 and $28 por share respectively These stock investments by Blossom Comparv provide loss than a 20% ownershio intereat. Journalize the above transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tities and enter O for the amounts. (To record interest) (To record sale of bonds)

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