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Posted on Jul 31, 2024

Crane Corporation issues 8 2 0 , 1 2 - year, 1 0 % , $ 1 0 0 0 bonds dated January 1 ,

Crane Corporation issues

820, 12 -

year,

10 %,

1000

bonds dated January

1, 2025

94 .

The journal entry to record the issuance will include a

debit to Cash for $

770800 .

credit to Discount on Bonds Payable for $

49200 .

credit to Bonds Payable for $

770800 .

debit to Cash of $

820000 .

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