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Exercise 10-10 Ivanhoe Company issued $540,000, 10-year, 7% bonds at 102. Prepare the journal entry to record the sale of these bonds on January 1,

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Exercise 10-10 Ivanhoe Company issued $540,000, 10-year, 7% bonds at 102. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Date Account Titles and Explanation Jan. 1 Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Suppose the remaining Premium on Bonds Payable was $6,480 on December 31, 2020. Show the balance sheet presentation on this date. IVANHOE COMPANY Balance Sheet (Partial)

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