Ivanhoe Company sold $3,240,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated...

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Accounting

Ivanhoe Company sold $3,240,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.

Prepare amortization table for issuance of the bonds sold at 102 for the first three interest payments.

Annual Interest Periods

Interest to Be Paid

Interest Expense to Be Recorded

Premium Amortization

Unamortized Premium

Bond Carrying Value

Issue date

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1

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2

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3

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Prepare amortization table for issuance of the bonds sold at 97 for the first three interest payments.

Annual Interest Periods

Interest to Be Paid

Interest Expense to Be Recorded

Discount Amortization

Unamortized Discount

Bond Carrying Value

Issue date

$enter a dollar amount enter a dollar amount $enter a dollar amount enter a dollar amount $enter a dollar amount enter a dollar amount $enter a dollar amount enter a dollar amount $enter a dollar amount enter a dollar amount

1

enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount

2

enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount

3

enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount enter a dollar amountenter a dollar amount

(note: this is due in 28 mins. please please help me out! thank you!)

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