Ivanhoe Electric sold $3,250,000, 12%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Ivanhoe Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 101.

Annual Interest Periods		Interest to Be Paid		Interest Expense to Be Recorded		Premium Amortization		Unamortized Premium		Bond Carrying Value
Issue date		No entry		No entry		No entry
1
2
3
4

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(a) Prepare the joumal entry to record the issuance of the bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1. 2022 e Textbook and Media List of Accounts Save for later Attempts: 0 of 5 used Submit