Crane Corporation issued $490,000 of 5-year bonds on April 1, 2023. Interest is paid semi-annually on April 1 and October 1. Below is a partial amortization schedule for the first few years of the bond issue. Semi-Annual Interest Period Apr.1, 2023 Oct. 1, 2023 Apr. 1, 2024 Oct. 1, 2024 Apr. 1, 2025 Oct. 1, 2025 Apr. 1, 2026 Interest Interest Payment Expense $9,800 9,800 9,800 9,800 9,800 9,800 $7,689 7,657 7,625 7,592 7,559 7,526 Amortization $2,111 2,143 2,175 2,208 2,241 2,274 Carrying Amount of Bonds $512,594 510,483 508,340 506,165 503,957 501,716 499,442

Crane Corporation issued $490,000 of 5-year bonds on April 1, 2023. Interest is paid semi-annually on April 1 and October 1 . Below is a partial amortization schedule for the first few years of the bond issue. repare the adjusting journal entry on December, 31, 2023, assuming this is Crane's year end. (List all debit entries before credit itries. 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 0 for the amounts. Round answers to 0 decimal places, eg. 5,125