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02:04:19 Hide Timer --/10 Question 24 View Policies Current Attempt in Progress The balance sheet for Ivanhoe Consulting reports the following information on July 1, 2021. Non-current liabilities Bonds payable, 4%, due 2024 $977,600 The face value of these bonds is $1,040,000. Ivanhoe decides to redeem these bonds at 103 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Credit Debit July 1 (To record redemption of bonds.) Attempts: 0 of 1 used Submit Answer Save for Later Prev Next Your grade has been recorded in the Gradebook