Ivanhoe Company issued $360,000 of 4%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. (a) Your answer is correct Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1. 2022 Cash 360000 Bonds Payable 360000 Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 2042