Question: Ivanhoe Ltd . issued $ 4 2 5 0 0 0 of 5 % year bonds on january 1 , 2 0 2 4 .

Ivanhoe Ltd.issued $425000 of 5% year bonds on january 1,2024. Interest is payable semi-annually. Prepair the journal entry to record the issuance of the bond assuming the market rate of interest is : (a)4%,(b)5%,and (c)6%.

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