Ivanhoe Inc. issued $$850,000$ of $9\mathrm{.}20\%,19-$year bonds on January $1,2023,$ at $102.$ Interest is payable semi$-$annually on July $1$ and

January $1.$ Ivanhoe uses the effective interest method of amortization for any bond premium or discount. Assume an effective yield of

$9\mathrm{.}00\%.($With a market rate of $9\mathrm{.}00\%,$ the issue price would be slightly higher. For simplicity, ignore this.$)$

Prepare the journal entry to record the accrual of interest and the related amortization on December $31,2023.($Round answers to

$0$ decimal places, e$.$g$.5,275.$ 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 $0$ for the amounts. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

$12/31/23$

Interest Expense

Bonds Payable