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Assume that on January 1, 2024, Crane pays the accrual bond interest and calls the bonds. The call price is 104. Record the payment of

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Assume that on January 1, 2024, Crane pays the accrual bond interest and calls the bonds. The call price is 104. Record the payment of interest and redemption of the bonds. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. On May 1, 2022, Crane Corp. issued $560,000,12%,5-year bonds at face value. The bonds were dated May 1, 2022, and pay intere annually on May 1. Financial statements are prepared annually on December 31

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