Question: On April 1 , 2 0 2 5 , Blue Spruce Corp. purchased $ 6 7 1 , 0 0 0 of 6 % bords

On April 1,2025, Blue Spruce Corp. purchased $671,000 of 6% bords for $697,465 plus accrued interest as an avallable-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1,2030.
(a)
Prepare the joumal entry on April 1,2025.(List all debit entries before credit entries. Credit account Lifles are cutomatically indented when amount is entered. Do not indent manually if no entry is required, select "No Enty" for the account vites and enter O for the omounts.
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 On April 1,2025, Blue Spruce Corp. purchased $671,000 of 6% bords

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