Prepare an effective$-$interest amortization table for the first eight interest payments for these bonds. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$

$\backslash$table$[[$Date$,$Effe,$\backslash$table$[[$BLOSSOM C$],[$ond Premium Amo$],[$rest Method$-$Semi$-],[$Bonds Issued at m$]],\backslash$table$[[$Table$],[$Interest Payments$],[$rate of $4\%]],$Bond Carrying$],[$Interest Payment,Interest Expense,Premium Amortization$],[$July $1,2024,,,,$$$],[$Jan$.1,2025],[$July $1,2025,,,13866,],[$Jan$.1,2026],[$July $1,2026],[$Jan$.1,2027],[$July $1,2027,,85991,,]]$

Jan. $1,2028$

July $1,2028$ Assuming instead that Blossom has an August $31$ year end, prepare the adjusting entry related to these bonds on August $31,$

$2024,$ as well as the subsequent interest payment on January $1,2025.($List all debit entries before credit entries. Credit account titles

are automatically indented when the 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. Record journal entries in the order presented in the problem.$)$

Account Titles

Interest Expense

Bonds Payable

Interest Payable

Interest Payable

Gain on Bond Redemption

Bonds Payable

Interest Expense

Debit

$101000$

CreditQuestion $4$ of $5$

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On July $1,2024,$ Blossom Corp. issued $$4\mathrm{.}04$ million of $10-$year, $5\%$ bonds at $$4,370,299.$ This price resulted in a $4\%$ market interest

rate on the bonds. The bonds pay semi$-$annual interest on July $1$ and January $1,$ and Blossom has a December $31$ year end.

$($a$)$

Your answer is correct.

Record the issue of the bonds on July $1,2024.($List debit entry before credit entry. Credit account titles are automatically indented when

the 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.$)$

Date

Account Titles

Debit

Credit

July $1,2024$

Cash

Bonds Payable

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