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IVanhoe Company issued $630,000,98,10-year bonds on December 31.2021, for $560,000. Inter est is payable annually on December 31 . Ivanhoe Company uses the straight-line method
IVanhoe Company issued $630,000,98,10-year bonds on December 31.2021, for $560,000. Inter est is payable annually on December 31 . Ivanhoe Company uses the straight-line method to amortize bond premium or discount. (a) Your answeris correct Prepare the journal entry to record the issuance of the bonds. Gredit occount tilles are automatically indented when amount is entered, Do not indent manualtyd (b) Prepare the journai entry to record the payment of interest and the discount amortization on December 31, 2022. ICrudit account titles are automatically indented when amount is entered Do not indent manualyy
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