ment CUNT York 101/ CALOLATOS Brief Exercise 15-12 a-b Ivanhoe Company issues $6,000,000, 10-year, 8% bonds at 94, with interest payable annually on January 1. The straight-line method is used to amortie Dond discount Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entert med indent Date Account Titles and Explanation Credit Debit Jan. 1 Cash Discount on Bonds Payable Bonds Payable 6000000 Prepare the adjusting journal entry to record interest expense and bond discount amortization on December 31, 2020. (Credit account we are automatically indented when mounts entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 Interest Expense Cash Discount on Bonds Payable