Blossom Industries, Inc. issued $18,900,000 of 8% debentures on May 1, 2024 and received cash totaling...

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Blossom Industries, Inc. issued $18,900,000 of 8% debentures on May 1, 2024 and received cash totaling $16,769,267. The bonds pay interest semiannually on May 1 and November 1. The maturity date on these bonds is November 1, 2028. The firm uses the effective- interest method of amortizing discounts and premiums. The bonds were sold to yield an effective rate of 10%. Calculate the total dollar amount of discount or premium amortization during the first year (5/1/24 through 4/30/25) these bonds were outstanding. (Round answers to O decimal places, e.g. 5,275.) Date /1/24 1/1/24 $ /1/25 otal Cash Interest 838463 842587 $ Interest Expense 756000 756000 $ $ Discount Amortized 82463 86587 169050 $ Carrying Value of Bonds 167692 1685173 1693831 Blossom Industries, Inc. issued $18,900,000 of 8% debentures on May 1, 2024 and received cash totaling $16,769,267. The bonds pay interest semiannually on May 1 and November 1. The maturity date on these bonds is November 1, 2028. The firm uses the effective- interest method of amortizing discounts and premiums. The bonds were sold to yield an effective rate of 10%. Calculate the total dollar amount of discount or premium amortization during the first year (5/1/24 through 4/30/25) these bonds were outstanding. (Round answers to O decimal places, e.g. 5,275.) Date /1/24 1/1/24 $ /1/25 otal Cash Interest 838463 842587 $ Interest Expense 756000 756000 $ $ Discount Amortized 82463 86587 169050 $ Carrying Value of Bonds 167692 1685173 1693831

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