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Current Attempt in Progress Crane Corporation issued $4,920,000 of 8% bonds on October 1, 2024, due on October 1, 2029. The interest is to
Current Attempt in Progress Crane Corporation issued $4,920,000 of 8% bonds on October 1, 2024, due on October 1, 2029. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Crane Corporation closes its books annually on December 31. (a) Complete the following amortization schedule for the dates indicated. Use the effective-interest method. (Round answers to 0 decimal places, e.g. 5,275.) Date October 1, 2024 April 1, 2025 $ October 1, 2025 Credit Cash $ Debit Interest Expense Credit Bond Discount $
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