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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

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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 12023, with interest payable December 31 of each year. Instructions: a) Prepare the journal entry of the date of the bond issuance. Prepare a schedule of interest expense and bond amortization for 2018 - 2020. de 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

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