The spelling of the word "Ikerd" is quite straightforward if one understands the International Phonetic Alphabet (IPA). The word is spelled with the letter "i" representing the vowel sound /ɪ/ as in "Ick". The letter "k" represents the consonant sound /k/ as in "Cat". The letter "e" represents the vowel sound /ə/ as in "About" and the letter "r" represents the consonant sound /ɹ/ as in "Red". Therefore, the correct phonetic transcription for "Ikerd" would be /ɪkəɹd/.