Titania co. sells 400000 of 12 bonds on june 1 2010. the, Ask an Expert

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Titania Co. sells 400,000 of 12% bonds on June 1, 2010. The bonds pay interst on December 1 and june 1. The due date of the bonds is June1, 2014. The bonds yield 10%. On October 1, 2011, Titania buys back 126,000 (includes accrued interest). Give entries through December 1, 2012

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M977099

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