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Ivanhoe Company issued $722,000,7%, 10-year bonds on January 1, 2022, for $775,137. This price resulted in an effective-interest rate of 6% on the bonds. Interest
Ivanhoe Company issued $722,000,7%, 10-year bonds on January 1, 2022, for $775,137. 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 1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Ivanhoe. (Round answers to 0 decimal places, e.g. 5,275.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamort Premiu Issue date $ $ 1 2 e Textbook and Media List of Accounts Prepare the schedule using effective-interest method to amortize bond premium or discount of Ivanhoe. (Round answers to O decimal places, e.g. 5,275.) Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value $ $ $ $ e Textbook and Media
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