Crane Company issued $$440,000,15-$year, $4\%$ bonds at $96.$

$($a$)$

Prepare the journal entry to record the sale of these bonds on January $1,2025.($Llst all debit entries before credit entries. 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 $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1$

Bonds Payable