Current Attempt in Progress

Crane Corporation had the following transactions pertaining to debt investments.

Purchased $40$ Leeds Co$.8\%$ bonds $($each with a face value of $$1,000)$ for $$40,000$ cash. Interest is payable annually on January

$1,2022.$

Accrued interest on Leeds Co$.$ bonds on December $31,2022.$

Received interest on Leeds Co$.$ bonds on January $1,2023.$

Sold $30$ Leeds Co$.$ bonds for $$33,600$ on January $1,2023.$

Journalize the transactions. $($List all debit entries before credit entries. 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. Record journal

entries in the order presented in the problem.$)$

No$.$

Date

Account Titles and Explanation

Debit

Cred

eTextbook and Media

List of Accounts

Attempts: $0$ of $4$ used