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Ivanhoe Company sold $5.000,000,9%,15-year bonds on January 1,2025 . The bonds were dated January 1,2025 , and pay interest on December 31 . The bonds
Ivanhoe Company sold $5.000,000,9%,15-year bonds on January 1,2025 . The bonds were dated January 1,2025 , and pay interest on December 31 . The bonds were sold at 97 . Prepare the journal entry to record the issuance of the bonds on January 1, 2025. (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, sefect "No Entry" for the account titles and enter o for the amounts.) At December 31,2025,$10,000 of the bond discounthad been amortized. Show the long-term llability balance sheet presentation of the bond liablity at December 31, 2025. IVANHOE COMPANY Balance Sheet (Partial) At January 1,2027, when the carrying value of the bonds was $4,870,000, the company redeemed the bonds at 105. Record the redemption of the bonds assuming that interest for the year had already been paid. (List al) deblt entrles before credit entries. Credit account titles are automatically indented when omount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter of for the amounts.)
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