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 Debit Credit (b) (c) Jan. 1, 2020 Cash Discount on Bonds Payable Bonds Payable eTextbook and Media List of Accounts 4,405,100 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.) Ivanhoe Electric Balance Sheet (Partial) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.