Accounting II Homework Chapter 14: Issuance of Long-Term Liabilities-Bonds Problem 1: 1) On 1/1/21, Apple issued a $70,000,000,8%,10-year bond that pays semiannual interest on June 30 and December 31 , receiving cash of $69,700,000. 2) On June 30, 2021, Apple made the first interest payment of the bonds issued on Jan. 1. 2021. Use the SLM for the discount amortization