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Crane Electric sold $3,100,000,12%,10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Crane Electric uses

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Crane Electric sold $3,100,000,12%,10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Crane Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 101. (a) Prepare a bond premium amortization schedule for the first 4 interest periods. eTextbook and Media List of Accounts Attempts: 4 of 5 us: (C) Prepare the journal entries for interest and the amortization of the premium in 2022 and 2023 . (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Prepare the journal entries for interest and the amortization of the premium in 2022 and 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem.) eTextbook and Media List of Accounts Attempts: 0 of 5 used (d) Show the balance sheet presentation of the bond liability at December 31, 2023. (Enter account name only and do not provide: descriptive informotion.)

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