Current Attempt in Progress Ivanhoe Corporation sold $2,150,000, 10%, 5-year bonds on January 1, 2027. The bonds were dated January 1, 2027, and pay interest each January 1. Ivanhoe Corporation uses the straight-line method to amortize bond premium or discount. (a) Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2027, assuming that the bonds sold at 103. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Jan. 1 V Cash Premium on Bonds Payable Bonds Payable Dec. 31 V Interest Expense Premium on Bonds Payable Interest Payable Debit 2171500 210700 I 4300 Credit 2150 215000 21500