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Problem 14-5 part 2 Shamrock Co. sells $409,000 of 12% bonds on June 1, 2017....

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Accounting

Problem 14-5 part 2

Shamrock Co. sells $409,000 of 12% bonds on June 1, 2017. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2021. The bonds yield 10%. On October 1, 2018, Shamrock buys back $126,790 worth of bonds for $131,790 (includes accrued interest). Prepare all of the relevant journal entries from the time of sale until the date indicated. Give entries through December 1, 2019. I get stuck at the 10/1/18 entry to record the buy back of bonds and forward. Thanks

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