2. Titania Co. sold a 12% bond worth $600,000 on June 1, 2015. The bond pays interest on December 1 and June 1. The bond's maturity date is June 1, 2020. The bond yields 10%, sold for $638,780. On October 1, 2016, Titania repurchased the $300,000 bond for $315,000 (including accrued interest). Provide entries by October 1, 2016. Required:(Round up to the nearest dollar.)
a. Prepare all relevant journals from the time of sale to the date indicated.
b. Amortization of premium or discount.

Answer rating: 100% (QA)

a Prepare all relevant journals from the time of sale to the date indicated June 1 2015 Bond Issuanc... View the full answer