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Crane Corporation has issued three different bonds during 2024. Interest is payable annually on each of these bonds. (a) On January 1, 2024, Crane issued
Crane Corporation has issued three different bonds during 2024. Interest is payable annually on each of these bonds. (a) On January 1, 2024, Crane issued 1,030,8\%,5-year, \$1,000 bonds dated January 1, 2024, at face value. Prepare the journal entry to record the bond transaction at the date of issue. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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