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On January 1, 2020, Ivanhoe SA issued R$322,500, 7%, 5-year bonds at face value. Interest is payable annually on January 1. 1/Prepare the journal entry

On January 1, 2020, Ivanhoe SA issued R$322,500, 7%, 5-year bonds at face value. Interest is payable annually on January 1.

1/Prepare the journal entry to record the issuance of the bonds.

2/Prepare the journal entry to record the accrual of interest on December 31, 2020.

3/Prepare the journal entry to record the payment of interest on January 1, 2021.

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