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P13.5 (LO 1, 2) Excel (Comprehensive Bond Problem) In each of the following independent cases, the company closes its books on December 31. 1. Sanford

P13.5 (LO 1, 2) Excel (Comprehensive Bond Problem) In each of the following independent cases, the company closes its books on December 31. 1. Sanford Co. sells $500,000 of 10% bonds on March 1, 2025. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2028. The bonds yield 12%. Give entries through December 31, 2026

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