Ivanhoe Company issued $304,000, 7%, 10-year bonds on January 1, 2025, for $326,375. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Ivanhoe uses the effective-interest method to amortize bond premium or discount. (a) Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. 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 O for the amounts. Round answers to O decimal places, eg. 5,275.) Date Jan. 1. 2025 Account Titles and Explanation Debit Credit