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Apple, Inc. sells $300,000 of 10% bonds on March 1, 2010. The bonds pay interest on September 1 and March 1. The due date of

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Apple, Inc. sells $300,000 of 10% bonds on March 1, 2010. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2013. The bonds yield 12%, selling for $283,250 Answer the following question a. List the two methods that can be used to allocate (discount/ premium of bonds payable) to the term of the bonds: 1. 2. Note: you may choose either method to answer the following questions b. Are the bonds sold at a premium, discount or at Par? c. Journalize the issuance of the bonds on March 19,2010 d. Journalize the payment of interest on September 18, 2010

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