Ivanhoe Company issued $336,000 of 9% bonds on January 1, 2025 that pay interest quarterly. Shamrock Company issued $288,000 of 10% bonds on June 1, 2025 that were dated January 1 and pay interest semiannually, including accrued interest from January 1 to June 1. Journal entries are required to record the issuance of the bonds, interest payments on July 1, and accrued interest on December 31 for each situation.

1. Presented below are two independent situations. 1. On January 1, 2025, Ivanhoe Company issued
$336 , 000 of 9% , 10 -year bonds at par. Interest is payable quarterly on April 1 , July 1, October
1, and January 1 . 2. On June 1, 2025, Shamrock Company issued $288 , 000 of 10% , 10 -year
bonds dated January 1 at par plus accrued interest. Interest is payable semiannually on July 1 and
January 1. For each of these two independent situations, prepare journal entries to record the
following. (ff no entry is required, select "No Entry" for the occount bities and enter Of for the
amounts. Credit account tities are automotically indented when the amount is entered. Do not
indent manually. List all deblt entries before credit entries) a. The issuance of the bonds. b. The
payment of interest on July 1. c. The accrual of interest on December 31 .