P14-5 (L01,2) EXCEL (Comprehensive Bond Problem) In each of the following independent cases, the company closes its 1, Sanford Co. sells $500,000 of 10% bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. The due 2. Titania Co. sells $400,000 of 12% bonds on une 1, 2017. The bonds pay interest on December 1 and June 1 The due date of books on December 31 date of the bonds is September 1, 2020 The bonds yield 12%. Give entries through December 31, 2018. 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 1, 2019