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Ivanhoe Company sells 10% bonds having a maturity value of $1,570,000 for $1,456,815. The bonds are dated January 1,2020 , and mature January 1, 2025.

image text in transcribed Ivanhoe Company sells 10% bonds having a maturity value of $1,570,000 for $1,456,815. The bonds are dated January 1,2020 , and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal ploces, es

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