Crane Company issued bonds with a face amount of $$1,690,000$ in $2015.$ As of January $1,2020,$ the balance in Discount on Bonds Payable is $$4,500.$ At that time, Crane redeemed the bonds at $101.$

Assuming that no interest is payable, make the entry to record the redemption. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1$

$1,690,000$

Discount on Bonds Payable

eTextbook and Media

List of Accounts

Last saved $10$ minutes ago.

Attempts: $2$ of $3$ used