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On August 1, 2025, Blossom Company acquired $370000 face value 9% bonds of Crane Corporation at 103 plus accrued interest. The bonds were dated May
On August 1, 2025, Blossom Company acquired $370000 face value 9% bonds of Crane Corporation at 103 plus accrued interest. The bonds were dated May 1, 2025, and mature on April 30, 2030, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Blossom make to record the purchase of the bonds on August 1,2025
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