Question: CALCULATOR PRINTER VERSION BACK NEET Ivanhoe Electric sold $4,660,000, 134, 10-year bands on January 1, 2020. The bonds were dated January 1, 2020, and paid
CALCULATOR PRINTER VERSION BACK NEET Ivanhoe Electric sold $4,660,000, 134, 10-year bands on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on way 1. The bonds were sold at 96 Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. De not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1, 2020 At December 31, 2020, 87,900 of the Discount on Bands Payable account has been amortize. Show the balance sheet presentation of the long-term ability at December 31, 2020. (Enter account name only and do not provide descriptive information) Ivanhoe Electric Balance Sheet (Partial) On January 1, 2022, when the carrying value of the bonds was 14,409,400, the company redeered the bonds at 103. Record the redemption of the bonds assuming that interest for the rarely been paid. (Credit accounts are automatically indested when amount is entered. De not indent manually) Date Account Tiles and Explanation Debit Credit Jan 1, 2022
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
