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Crane Corporation had the following transactions pertaining to debt investments. 1. Purchased 50 Leeds C0.9% bonds (each with a face value of $1,000 ) for

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Crane Corporation had the following transactions pertaining to debt investments. 1. Purchased 50 Leeds C0.9% bonds (each with a face value of $1,000 ) for $50,000 cash Interest is payable annually on January 1.2022. 2. Accrued interest on Leeds Co. bonds on December 31, 2022. 3. Received interest on Leeds Co, bonds on January 1,2023 . 4. Sold 40 Leeds Co: bonds for $44,000 on January 1,2023. Journalize the transactions. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select " No entry" for the occount titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Crane Corporation had the following transactions pertaining to debt investments. 1. Purchased 50 Leeds C0.9% bonds (each with a face value of $1,000 ) for $50,000 cash Interest is payable annually on January 1.2022. 2. Accrued interest on Leeds Co. bonds on December 31, 2022. 3. Received interest on Leeds Co, bonds on January 1,2023 . 4. Sold 40 Leeds Co: bonds for $44,000 on January 1,2023. Journalize the transactions. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select " No entry" for the occount titles and enter O for the amounts. Record journal entries in the order presented in the problem.)

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