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Assignment sent to Gradebook. Your grade is being recorded. Thu, Jun 4, 2020, 5:59:49 PM...

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Accounting

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Assignment sent to Gradebook. Your grade is being recorded. Thu, Jun 4, 2020, 5:59:49 PM (America/Detroit -04:00) Question 2 --/2 View Policies Current Attempt in Progress On January 1, 2020, Ivanhoe Corporation issued $700,000 of 9% bonds, due in 8 years. The bonds were issued for $662,067, and pay interest each July 1 and January 1. Ivanhoe uses the effective-interest method. Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Assume an effective- interest rate of 10%. (Round intermediate calculations to 6 decimal places, eg. 1.251247 and final answer to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation De (a) (b)

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