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Question ONE 100 Marks On / Jan., 2018, Apple Company sold 12% bonds having a maturity value of $500,000 for $ 537,910, which provides the

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Question ONE 100 Marks On /"" Jan., 2018, Apple Company sold 12% bonds having a maturity value of $500,000 for $ 537,910, which provides the bondholders with a 10% yield. The bonds are dated January /" 2018, and mature January 1" 2023, with interest payable December 31 of each year. Instructions: - a) Prepare the journal entry at the date of the bond issuance. (med Prepare a schedule of interest expense and bond amortization for 2018 - 2020. marts c) Prepare the journal entry to record the interest payment and the amortization for 2018 Prepare the journal entry to record the interest payment and the amortization for 2020. mark

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