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Practice Problem 2 (P14-5)-Comprehensive Bond Problem In each of the following independent cases, the company closes its books on December 31 I. Sanford Co. sells

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

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