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Ivanhoe Company issued $430,000,9%,20-year bonds on January 1, 2022, at 102 . Interest is payable annually on January 1 . Ivanhoe uses straight-line amortization for
Ivanhoe Company issued $430,000,9%,20-year bonds on January 1, 2022, at 102 . Interest is payable annually on January 1 . Ivanhoe uses straight-line amortization for bond premium or discount. (a) Prepare the joumal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the joumal entry to record the accrual of interest and the premium amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) eTextbook and Media List of Accounts Save for Later Debit Credit Dec 2022 (c) Prepare the joumal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1. 2023 Attempts: 0 of 5 used Submlt Answer Prepare the joumal 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.)
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