Crane Company has issued three different bonds during 2021. Interest is payable annually on each of these bonds.

(a)

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Your answer is correct.

On January 1, 2021, Crane issued 1,100, 6%, 4-year, $1,000 bonds dated January 1, 2021, at face value. Prepare the journal entry to record the bond transaction at the date of issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1
	(To record issuance of bonds.)

eTextbook and Media

List of Accounts

Attempts: 1 of 5 used

(b)

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Your answer is correct.

On July 1, Crane issued $870,000 of 6%, 5-year bonds dated July 1, 2021, at 105. Prepare the journal entry to record the bond transaction at the date of issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
July 1
	(To record issuance of bonds.)

eTextbook and Media

List of Accounts

Attempts: 3 of 5 used

(c)

On September 1, Crane issued $450,000 of 5%, 7-year bonds dated September 1, 2021, at 97. Prepare the journal entry to record the bond transaction at the date of issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Sept. 1
	(To record issuance of bonds.)