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On January 1 , 2 0 2 5 , Blossom Company purchased 8 % bonds having a maturity value of $ 2 8 0 ,

On January 1,2025, Blossom Company purchased 8% bonds having a maturity value of $280,000 for $303,589.66. The bonds provide the bondholders with a 6% 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, eg.1,225.25.)
eTextbook and Media
List of Accounts
(b)
Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g.1,225.25.)
(c)
Prepare the journal entry to record the interest revenue and the amortization at December 31,2025.(List all debit entries before credit entries. 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 O for the amounts. Round
answers to 2 decimal places, e.s.1,225.25.)
(d)
Prepare the journal entry to record the interest revenue and the amortization at December 31,2026.(List all debit entries before credit entries. 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 O for the amounts. Round
answers to 2 decimal places, e.g.1,225.25.)
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