Ivanhoe Company sold $$3,240,000,9\%,10-$year bonds on January $1,2025.$ The bonds were dated January $1,2025,$ and pay interest on January $1.$ The company uses straight$-$line amortization on bond premiums and discounts. Financial statements are prepared annually.

$($a$)$

Your answer is correct.

Prepare the journal entries to record the issuance of the bonds assuming they sold at: $(1)102$ and $(2)97.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$\backslash$table$[[$No$.,$Date,Account Titles and Explanation,Debit,Credit$],[$L$.,\frac{1}{1}\frac{?}{25},$Cash,$3304800,],[,$Premium on Bonds Payable,,$64800],[,$Bonds Payable,,$3240000],[?.,\frac{1}{1}\frac{?}{25},$Cash,$3142800,],[,$Discount on Bonds Payable,$97200,],[,$Bonds Payable,,$3240000]]$

Question $4$ of $4$

$\frac{2}{4}$

Prepare the journal entries to record interest expense for $2025$ under both of the bond issuances assuming they sold at: $(1)102$ and $(2)97.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$

Date

Account Titles and Explanation

Debit

Credit

$\frac{12}{31}\frac{?}{25}$

$$

$$

$q,$

$$

$$

$$

$q,$

$\frac{12}{31}\frac{?}{25}$

$$

$q,$

$$

$q,$

$q,$