Question: Suppose that Ivanhoe issues 3300, 10-year, 8%, $1000 bonds dated January 1, 2025 at 104. The journal entry to record the sales of the bonds

Suppose that Ivanhoe issues 3300, 10-year, 8%, $1000 bonds dated January 1, 2025 at 104. The journal entry to record the sales of the bonds will include O credit to Bonds Payable for $3300000. debit to Premium on Bonds Payable for $132000. O debit to Cash of $3300000. O credit to Cash for $3432000.

Suppose that Ivanhoe issues 3300,10 -year, 8%,$1000 bonds dated January 1,2025 at 104 . The journal entry to record the sales of the bonds will include credit to Bonds Payable for $3300000. debit to Premium on Bonds Payable for $132000. debit to Cash of $3300000. credit to Cash for $3432000

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