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Current Attempt in Progress Crane Inc. issues $366,000 of 10-year, 4% bonds at 99. Prepare the journal entry to record the sale of these
Current Attempt in Progress Crane Inc. issues $366,000 of 10-year, 4% bonds at 99. Prepare the journal entry to record the sale of these bonds on March 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Mar. 1 Debit Credit (To record issuance of bonds.)
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