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On January 1 , 2 0 2 4 , Blossom Ltd . issued $ 4 5 0 , 0 0 0 of 5 % ,

On January 1,2024, Blossom Ltd. issued $450,000 of 5%,5-year bonds. The bonds were issued to yield a market interest rate of 6%. Blossom's year end is December 31. On January 1,2026, immediately after making and recording the semi-annual interest payment, Blossom redeemed the bonds. A partial bond amortization schedule is presented below.
\table[[\table[[Semi-Annual],[Interest Period]],\table[[Interest],[Payment]],\table[[Interest],[Expense]],Amortization,\table[[Carrying],[Amount of],[Bonds]]],[Jan.1,2024,,,,$430,807
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