On January $1,2025,$ Blossom Company purchased $12\%$ bonds having a maturity value of $$430,000$ for $$462,600\mathrm{.}36.$ The bonds

provide the bondholders with a $10\%$ yield. They are dated January $1,2025,$ and mature January $1,2030,$ with interest received on

January $1$ of each year. Blossom Company uses the effective$-$interest method to allocate unamortized discount or premium. The bonds

are classified in the held$-$to$-$maturity category.

$($a$)$

Prepare the journal entry at the date of the bond purchase. $($List debit entry before credit entry. Credit account titles are automatically

indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts. Round answers to $2$ decimal places, e$.$g$.1,225\mathrm{.}25.)$