Bridgeport Co. sells $426,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2024. The bonds yield 10%. On October 1, 2021, Bridgeport buys back $140,580 worth of bonds for $145,580 (includes accrued interest). Give entries through December 1, 2022. Prepare all of the relevant journal entries from the time of sale until December 31, 2022.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Bridgeport Co. sells $426,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2024. The bonds yield 10%. On October 1, 2021, Bridgeport buys back $140,580 worth of bonds for $145,580 (includes accrued interest). Give entries through December 1, 2022.
Prepare all of the relevant journal entries from the time of sale until December 31, 2022.  

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