Crane Company issued $690,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually January 1. Crane uses the straight-line method of amortization and has a calendar year end. Prepare all journal entries made in 2020 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Jan. 1 Account Titles and Explanation Cash Bonds Payable Premium on Bonds Payable Debit 710700 Credit 690.000 20700