Question: Please answer question #6, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Ivanhoe Company issued $ 520,000,8%, 10-year bonds on January 1, 2020, at

Please answer question #6, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

Ivanhoe Company issued $ 520,000,8%, 10-year bonds on January 1, 2020, at 102. Interest is payable annually on December 31. Ivanhoe uses the straight-line method of amortization and has a calendar year end. Prepare all journal entries made in 2020 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) 2020 Account Titles and Explanation Debit Credit Jan 1 Cash Bonds Payable Premium on Bonds Payable Dec 31 Interest Expense Premium on Bonds Payable Interest Payable

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