On August 1, 2021, Ivanhoe Company acquired 1100, $1000, 8% bonds at 98 plus accrued interest. The bonds were dated May 1, 2018, and mature on April 30, 2027, with interest paid each October 31 and April 30. The bonds will be added to Ivanhoes available-for-sale portfolio. The preferred entry to record the purchase of the bonds on August 1, 2021 is

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On August 1, 2021, Ivanhoe Company acquired 1100, $1000, 8% bonds at 98 plus accrued interest. The bonds were dated May 1, 2018, and mature on April 30, 2027, with interest paid each October 31 and April 30. The bonds will be added to Ivanhoe's available for sale portfolio. The preferred entry to record the purchase of the bonds on August 1.2021 is O Debt Investments Interest Receivable Cash 1078000 22000 1100000 Debt Investments 1100000 Interest Revenue 22000 Discount on Debt Investments Cash 22000 1100000 Debt Investments Interest Revenue Cash 1078000 22000 1100000 1100000 Debt Investments Cash 1100000