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Crane Technologies Ltd. issued bonds with a face value of $67,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are
Crane Technologies Ltd. issued bonds with a face value of $67,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 105.41 to yield 4.50%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to 0 decimal places, e.g. 125.) Show the journal entry to record payment 4 on these bonds. Ignore year-end accruals of interest. (Credit account titles are automatically indented when 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, e.g. 125. List all debit entries before credit entries.)
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