PROBLEM 1-SALE OF BONDS Borges Distributors sells snack and candy to local stores. On March 1, 2010, Borges issued SA.,000 of 5-year, 13% bonds at an effective interest rate of 11%. Interest is payable semiannually on March 1 and September1. Journalize the entries to record the following Sale of bonds on March 1, 2010. Use the tables on present values in Appendix A of your textbook to determine the present value of the bond issue. Round to neprest dollar. a. First interest payment on September 1, 2010, and amortization of bond premium for si months, using the straight-line method. Round to the nearest dollar