Question
Ivanhoe Company issued $360,000 of 4%, 20-year bonds on January 1, 2025, at face value. Interest is payable annually on January 1. Prepare the journal
Ivanhoe Company issued $360,000 of 4%, 20-year bonds on January 1, 2025, at face value. Interest is payable annually on January 1. 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.) Date eTextbook and Media List of Accounts Account Titles and Explan
ation Date Debit Prepare the journal entry to record the accrual of interest on December 31, 2025. (List all debit entries before credit entries. Credit account titles are automatically indenbted 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.) Account Titles and Explanation Credit Debit Credit SUPPOR
Prepare the journal entry to record the accrual of interest on December 31, 2025. (List all debit entries before credit entries. Credit account titles are outomatically 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.) Prepare the journal entry to record the payment of interest on January 1, 2026. (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 0 for the amounts.) 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. (IIst 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 0 for the amounts.)
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