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On January 1, 2025, Blossom Co. sold $970,000 of its 9% bonds for $858,737 to yield 12%. Interest payable semiannually on January 1 and July
On January 1, 2025, Blossom Co. sold $970,000 of its 9% bonds for $858,737 to yield 12%. Interest payable semiannually on January 1 and July 1. What amount should Blossom report as interest expense for the 6 months ended June 30, 2025?
$38,643
$51,524
$43,650
$58,200
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