Problem 15-07A a-d The following is taken from the Ivanhoe Company balance sheet. BACK Frida Ivanhoe Company Balance Sheet (partial) December 31, 2020 Current Liabilities Interest payable (for 12 months from January 1 to December 31) Long-term Liabilities Bonds payable, 6% due January 1, 2028 Add: Premium on bonds payable $157,800 $2,630,000 Tube 249,000 $2,879,000 Interest is payable annually on January 1. The bonds are calable on any annual interest date. Ivanhoe uses straight-line amortization for any bond premium or discount From December 31, 2020, the bonds will be outstanding for an additional 10 years (120 months). Your answer is correct SDC 110 Journalize the payment of bond interest on January 1, 2021. (Credit account bites are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan 1, 2021 Interest Payable Debit 157800 Cash 157800 openg 110 sande SHOW LIST OF ACCOUNTS LINK TO TEXT Journalire the payment of bond interest on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Jan 1, 2021 Interest Payable Frida Cash 157800 SHOW LIST OF ACCOUNTS Yobel Rodrigo LENK TO TEXT Your answer is partially correct. Try again. Prepare the entry to amortize bond premium and to accrue the interest due on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation y2 Credit Dec 31, 2021 Interest Expense Premium on Bonds Payable eng 110 annich Interest Payable SHOW LIST OF ACCOUNTS pothes Your answer is partially correct. Try again. Assume that on January 1, 2022, after paying interest, Ivanhoe Company calls bonds having a face value of $1,052,000. The call price is 102. Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Tities and Explanation Jan 1, 2022 Bonds Payable Debit Credit 1052000 Cudy Premium on Bonds Payable Loss on Bond Redemption Cash SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again Prepare the adjusting entry at December 31, 2022, to amortize bond premium and to accrue interest on the remaining bonds. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2022 interest Expense Discount on Bonds Payable Interest Payable Click if you would like to Show Work for this question Open Show Work