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Crane Company issues $2.2 million, 20 -year, 9% bonds at 99 , with interest payable on December 31 . The straight-line method is used to

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Crane Company issues $2.2 million, 20 -year, 9% bonds at 99 , with interest payable on December 31 . The straight-line method is used to amortize bond discount. (a) Prepare the journal entry to record the sale of these bonds on January 1.2025. (List all debit entries before credit entries. Credit occount titles are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts) Crane Company issues $2.2 million, 20 -year, 9% bonds at 99 , with interest payable on December 31 . The straight-line method is used to amortize bond discount. (a) Prepare the journal entry to record the sale of these bonds on January 1.2025. (List all debit entries before credit entries. Credit occount titles are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts)

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