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Ivanhoe Company has issued three different bonds during 2020. Interest is payable annually on each of these bonds. 1. On January 1, 2020, 1,600, 6%,
Ivanhoe Company has issued three different bonds during 2020. Interest is payable annually on each of these bonds.
1. | On January 1, 2020, 1,600, 6%, 5-year, $1,000 bonds dated January 1, 2020, were issued at face value. | |
2. | On July 1, $825,000, 7%, 5-year bonds dated July 1, 2020, were issued at 103. | |
3. | On September 1, $390,000, 5%, 5-year bonds dated September 1, 2020, were issued at 99. |
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