Brief Exercise 10-09 Ivanhoe Company issues $265,000, 20 year, 10% bonds at 103. Prepare the journal...

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Brief Exercise 10-09 Ivanhoe Company issues $265,000, 20 year, 10% bonds at 103. Prepare the journal entry to record the sale

business accounting

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Issue of bonds at premium face value of bonds = 6265000 Issue at $103 o Proceeds will be $265000 x 1063 $272950. Puremium - 7

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