Crane Company issues $2.20 million, 20-year, 9% bonds at 99, with interest payable on December 31. The straight-line method is used to amortize bond discount. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 1999800 Discount on Bonds Payable Bonds Payable eTextbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later (b) Prepare the journal entry to record interest expense and bond discount amortization on December 31, 2017, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit