Ivanhoe Electric sold $4,495,000, 13%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 98. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1. 2020 Cash Debit 4,405,100 Credit (b) Discount on Bonds Payable Bonds Payable eTextbook and Media List of Accounts Your Answer Correct Answer (Used) -Your answer is partially correct. 89,900 4,495,000 Attempts: 1 of 3 used At December 31, 2020, $7,500 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2020. (Enter account name only and do not provide descriptive information.) (c) Long-term Liabilities Bonds Payable Less Discount on Bonds Payable eTextbook and Media Solution List of Accounts Ivanhoe Electric Balance Sheet (Partial) December 31, 2020 4,495,100 -7.500 Attempts: 3 of 3 used On January 1, 2022, when the carrying value of the bonds was $4,420,100, the company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1. 2022 Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer