Current Attempt in Progress Ivanhoe Company issues $400,000 of 5 year, 4% bonds on January 1, 2021. Interest is paid annually Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) l Assuming the market interest rate was 6% on the date of issue, record the issue of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, e.g. 5.276.) Date Jan. 1, 2021 Account Titles and Explanation Debit Credit (To record issuance of bonds.)