(c) For each of the following, explain how to record bonds that are sold a par, premium or discount. In other words, what account would you debit or credit and what value would you place in each account depending on whether the bond is sold at par, premium or discount. (c) For each of the following, explain how to record bonds that are sold a par, premium or discount. In other words, what account would you debit or credit and what value would you place in each account depending on whether the bond is sold at par, premium or discount