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Crane Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions
Crane Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Crane, whose fiscal year ends on December 31. 2020 Jan. 1 Purchased at face value $2,331,500 ofJavier Nursing Centers, Inc., 10-year Accrual of interest at year-end on the Javier bonds. 10% bonds dated January 20.7 directly from aver. Dec. 31 (Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2020, to December 31, 2022.) 2023 Jan. 1 Received the annual interest on the Javier bonds. Jan.1 Sold $1,165,750 Javier bonds at 106 Dec. 31 Accrual of interest at year-end on the Javier bonds. Journalize the listed transactions for the years 2020 and 2023. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when 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. Round answers to O decimal places, e.g.5,275) Account Titles and Explanation Credit
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