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On January 1,2023 , Blossom Ltd. issued $2230000,5% bonds, which mature on January 1,2030 . The bonds were issued for $2363850 to yield 4%. Blossom

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On January 1,2023 , Blossom Ltd. issued $2230000,5% bonds, which mature on January 1,2030 . The bonds were issued for $2363850 to yield 4%. Blossom uses the effective interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2023, the adjusted balance in the Bonds Payable account should be $2230000.$2380796.$2346904.$2363850

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