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Crane Corporation issued 304,000 of 10-year bonds at a discount. Prior to maturity, when the bonds amortized cost was $296,400, the company redeemed the bonds

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Crane Corporation issued 304,000 of 10-year bonds at a discount. Prior to maturity, when the bonds amortized cost was $296,400, the company redeemed the bonds at 97. Prepare the entry to record the redemption of the bonds. (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 Account Titles and Explanation Debit Credit (To record redemption of bonds

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