On January 1, 2022, Ivanhoe Company issued $322,500,7%, 5-year bonds at face value. Interest is payable annually on January 1. (a) Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Jan. 1. 2022 Cash Bonds Payable Debit 22575 Credit 22575