Crane Company issues $$2,000,000,10-$year, $6\%$ bonds at $95,$ with interest payable each January $1.$

$($a$)$

Your answer is partially correct.

Prepare the journal entry to record the sale of these bonds on January $1,2027.($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Jan. $1$ Discount on Bonds Payable

$.$

Debit

Credit

$$

$$

$$