The following are unrelated transactions. Present the required entries to record each of the transactions. (a) On March 1, 2023, Ivanhoe Corporation issued $400,000 of 8% non-convertible bonds at 104, which are due on February 28, 2043. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Ivanhoe's no par value common shares for $50. The bonds without the warrants would normally sell at 94. Ivanhoe prepares its financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Cash bond I
The following are unrelated transactions. Present the required entries to record each of the transactions. (a) On March 1, 2023, Ivanhoe Corporation issued $400,000 of 8% non-convertible bonds at 104, which are due on February 28, 2043. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Ivanhoe's no par value common shares for $50. The bonds without the warrants would normally sell at 94. Ivanhoe prepares its financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Cash bond I
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following are unrelated transactions. Present the required entries to record each of the transactions.
(a)
On March 1, 2023, Ivanhoe Corporation issued $400,000 of 8% non-convertible bonds at 104, which are due on February 28,
2043. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to
purchase one of Ivanhoe's no par value common shares for $50. The bonds without the warrants would normally sell at 94.
Ivanhoe prepares its financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount
is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit
entries before credit entries.)
Account Titles and Explanation
Debit
Credit
Cash
bond
I
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