Answered

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Blossom Corporation had the following transactions in 2020 and 2021
pertaining to debt investments.
1. Purchased 60 8%, $1,000 Wolfe Co. bonds for $61,500 cash on January
2.
Accrued interest on Wolfe Co. bonds on December 31, 2020.
3.
Received interest on Wolfe Co. bonds on January 1, 2021.
4.
Sold 30 Wolfe Co. bonds for $33,300 on January 1, 2021.
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