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Ivanhoe Inc. issues $3,500,000, 5-year, 14% bonds at 103, withinterest payable annually on January 1. The straight-line method isused to amortize bond premium. (a) Prepare

Ivanhoe Inc. issues $3,500,000, 5-year, 14% bonds at 103, withinterest payable annually on January 1. The straight-line method isused to amortize bond premium. (a) Prepare the journal entry torecor 2 answers

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