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Current Attempt in Progress Crane Company issued $720,000, 11%, 10-year bonds on December 31, 2021, for $650,000. Interest is payable annually on December 31.
Current Attempt in Progress Crane Company issued $720,000, 11%, 10-year bonds on December 31, 2021, for $650,000. Interest is payable annually on December 31. Crane Company uses the straight-line method to amortize bond premium or discount (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Dec. 31. 2021 Debit Credit
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
