On January 1, 2025, Ivanhoe Company sold 12% bonds having a maturity value of $650,000.00 for $753,808.38, which provides the bondholders with a 8% yield. The bonds are dated January 1, 2025, and mature January 1, 2030, with interest payable December 31 of each year. Ivanhoe Company allocates interest and unamortized discount or premium on the effective-interest basis. Click here to view factor tables. (a) Your answer is correct.. Prepare the journal entry at the date of the bond issuance. (Round answer to 2 decimal places, e.g. 38,548.25. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation January 1, 2025 Cashi Bonds Payable Premium on Bonds Payable Debit 753808.38 Credit 650000 103808.38 (b) Prepare a schedule of interest expense and bond amortization for 2025-2027. (Round answer to 2 decimal places, e.g. 38,548.25.) Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Cashi Interest late Paid: Expense Premium Amortized Carrying Value of Bond /1/25 $ $ $ $ 31/25 31/26 31/27