Ivanhoe Electric sold $4.80 million of 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and paid interest on January 1. The bonds were sold at 98.

Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1, 2017

Assume that at December 31, 2017, $6,400 of the discount has been amortized. Show the balance sheet presentation of the non-current liability at December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275.)

IVANHOE ELECTRIC Balance Sheet (Partial) For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017
Current LiabilitiesShareholders' EquityCurrent AssetsProperty, Plant and EquipmentNon-Current Liabilities
		$

Assume that on January 1, 2019, when the bonds amortized cost was $4,716,800, the company redeemed the bonds at 104. Record the redemption of the bonds assuming that interest for the period had already been paid. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1