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1. Crane Corporation had the following transactions pertaining to debt investments. Purchased 50 9%, $1,600 Leeds Co. bonds for $90,000 cash. Interest is payable annually

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1. Crane Corporation had the following transactions pertaining to debt investments. Purchased 50 9%, $1,600 Leeds Co. bonds for $90,000 cash. Interest is payable annually on January 1, 2020. 2. Accrued interest on Leeds Co. bands on December 31, 2020. Received interest on teeds Co. bonds on January 1, 2021. 4. Sold 30 Leeds Co. bonds for $66,000 on January 1, 2021. 3. Journoize the transactions. (Credit account trties are automatically indented when amount is entered. Do not indent manually. If no antry is required select for the account titles and enter for the amounts. Record Journal entries in the order presented in the problem. Round answers to decimal places, 0.5.2 No. Date Account Titles and Explanation Debit Credit 1. No. Date Account Titles and Explanation Debit Credit 1. 2. 3

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