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2. Titania Co. sells S400.000 of 12% bonds on June l . 2017. The bonds pay interest on December 1 and June 1-The due date

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2. Titania Co. sells S400.000 of 12% bonds on June l . 2017. The bonds pay interest on December 1 and June 1-The due date of the bonds is June 1, 2021. The bonds yield 10%. On October 1, 2018, Titania buys back $120,000 worth of bonds for $126,000 (includes accrued interest). Give entries through December, 2019

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