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Orange Co. sells $1,000,000 of 10% bonds on August 1, 2019. The bonds pay interest on February 1 and August 1. The due date of
Orange Co. sells $1,000,000 of 10% bonds on August 1, 2019. The bonds pay interest on February 1 and August 1. The due date of the bonds is August 1, 2022. The bonds yield 12%. On October 1, 2020, Lemon Co. buys back $200,000 worth of bonds for $218,000 (includes accrued interest). Give entries through October 1, 2020. round to nearest dollar
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