Crane Company issued $527,000 of 7%, 10-year bonds on January 1, 2022, at face value. Interest...

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Crane Company issued $527,000 of 7%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. Prepare the journal entry to record the Issuance of the bonds. (5 points) b Prepare the journal entry to record the accrual of Interest on December 31, 2022. (5 points) c Prepare the journal entry to record the payment of interest on January 1, 2023. (5 points) d Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded. (3 points) Crane Company issued $527,000 of 7%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. Prepare the journal entry to record the Issuance of the bonds. (5 points) b Prepare the journal entry to record the accrual of Interest on December 31, 2022. (5 points) c Prepare the journal entry to record the payment of interest on January 1, 2023. (5 points) d Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded. (3 points)