Ivanhoe, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of observation satellites. On January $1,2024,$ Ivanhoe issued $7\%,15-$year bonds with a face value of $$160,000,000.$ The bonds will pay interest semi$-$annually on June $30$ and December $31.$

Prepare the journal entry Ivanhoe would record at the time of the issuance of the bonds under each of the alternatives. $($Credit account titles are automatically indented when 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. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

i$.$

ii$.$

iii.