Crane Company issued $$2,000,000$ of $10\%,10-$year bonds on January $1,2017,$ at $103.$ Interest is payable semiannually on July $1$ and January $1.$ Crane Company uses the effective$-$interest

method of amortization for bond premium or discount. Assume an effective yield of $9\mathrm{.}5281\%.$

Prepare the journal entries to record the following. $($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.$)$

$($a$)$ The issuance of the bonds.

$($b$)$ The payment of interest and related amortization on July $1,2017.$

$($c$)$ The accrual of interest and the related amortization on December $31,2017.$