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On January 1, 2025, Ivanhoe Corporation issued $730,000,8%,10-year bonds at face value. Interest is payable annually on January 1 . Ivanhoe Corporation has a calendar
On January 1, 2025, Ivanhoe Corporation issued $730,000,8%,10-year bonds at face value. Interest is payable annually on January 1 . Ivanhoe Corporation has a calendar year-end. Prepare all entries related to the bond issue for 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)
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