5. (8 分)
TTT Co. sells €300,000 of 12% bonds on June 1, 2018. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2023. The bonds yield 10%, selling for €319,390. On October 1, 2019, TTT buys back €150,000 worth of bonds for €157,500 (includes accrued interest). Instructions (Round to the nearest dollar.)
Prepare all of the relevant journal entries from the time of sale until October 1, 2019. Amortize premium or discount on interest dates and at year-end.(Assume that reversing entries were not made.)
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