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2 Sweet Acacia Ltd . sells $ 5 . 0 0 million of 9 % bonds on June 1 , 2 0 2 3 .

2 Sweet Acacia Ltd. sells $5.00 million of 9% bonds on June 1,2023. The bonds pay interest on December 1 and
June 1. The bonds' due date is June 1,2027. The bonds yield 8%. On October 1,2024, Sweet Acacia buys back
$1.00 million worth of bonds for $1.70 million, including accrued interest.
Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.
Prepare all of the relevant journal entries from the time of sale until the date indicated.
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