[Codee]

Can you combine an entry for paying semiannual interest and purchasing face value bonds?

On March 1, Titus Co issued $800,000 face value second mortgage, 8% bonds for $872,160 including accrued interest, Interest is paid semiannually on Dec 1 and June 1 with the bonds maturing 10 years from this past Dec 1. The bonds are callable at 102.

Entry March 1

Cash $872,160
Bonds Payable $800,000
Premium on Bonds Pay $56,160
Bond Int Expense $16,000

Paid Semiannual interest on Titus Co bonds (straightline amortization of disc or premium)

Entry June 1

Bond Int Expense $32,000
Cash $32,000

******MY QUESTION*******
Paid semiannual interest on Titus Co bonds and purchased $400,000 face value bonds at call price

Entry Dec 1

Bond Interest Expense $32,000
Treasury Stock $408,000
Cash $440,000

[Codee]

My question is is the last entry correct?

[Codee]

I am aware the entry is wrong, Treasury Stock is not involved