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Crane Company issued $440,000,15-year, 4% bonds at 96. Suppose the remaining Discount on Bonds Payable was $10,560 onDecember 31, 2027. Show the balance sheet presentation

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Crane Company issued $440,000,15-year, 4% bonds at 96. Suppose the remaining Discount on Bonds Payable was $10,560 onDecember 31, 2027. Show the balance sheet presentation on this date. Sandhill Co. issued $310,000 of 8%,20-year bonds on January 1,2022 , at face value. Interest is payable annually on January 1. Prepare the journal entry to record the accrual of interest on December 31,2022 . (Credit account titles are automatically indented when amount is entered. Do not indent manually.) The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the redemption of the bonds. Metlock, Inc, redeemed $171,000 face value, 13.5% bonds on June 30,2022 , at 96 . The carrying value of the bonds at the redemption date was $184,680. The bonds pay annual interest, and the interest payment due on June 30,2022 , has been made and recorded. (Credit account titles are automatically indented when amount is entered. Da not indent manually.)

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