Exercise 15-05 a-c (Part Level Submission) Ivanhoe Company issued $1,720,000 of bonds on January 1, 2020.

Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 97, and (3) 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1,720,000 (Cash Bonds Payable 1,720,000 (2) Cash 1,685,600 Discount on Bonds Payable 34,400 Bonds Payable 1,720,000 (3) Cash 1,771,000 Bonds Payable 1,720,000 x Premium on Bonds Payable 51,600