Current Attempt in Progress Presented below are longterm liability items for Crane Company at December 31, 2022. Bonds payable, due 2024 $525,000 Lease liability 65,000 Notes payable, due 2027 75,000 Discount on bonds payable 34,125 Prepare the longsterm liabilities section of the balance sheet for Crane Company. [Enter account name only and do notprovide descriptive information.) Crane Company Balance Sheet (Partial) eTextbook and Media Assistance Used eTextbook List of Accounts Saw: for Later Attempts: 0 Of 2 used Submit Answer View Policies Current Attempt in Progress Wildhorse Corporation issues $400,000 of bonds for $416,000. (a) Prepare the journal entry to record the issuance of the bonds. (Creditaccount titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. View Policies Current Attempt in Progress Blossom Company issued $300,000 of 5%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. (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 Debit Credit Jan. 1, 2022 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer (b)Current Attempt in Progress Carla Vista Company issued $790,000, 9%, 107year bonds on December 31, 2021, for $720,000. Interest is payable annually on December 31. Carla Vista Company uses the straighteline 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 11tles and Explanation Debit Credit Dec. 31, 2021 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Current Attempt in Progress Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets $5,800 Cash $910 Total assets 10,200 Interest expense 300 Current liabilities 4,200 Income taxes 250 Total liabilities 6,426 Net income 380 Compute the following values. (a) Debt to assets ratio. (Round to O decimal places, e.g. 60.) % (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) times eTextbook and Media Attempts: 0 of 2 used SubmitCurrent Attempt in Progress On January 1, 2022, Sunland Inc. entered into an agreement to lease 20 computers from Drummond Electronics. The terms of the lease agreement require three annual rental payments of $28,000 (including 10% interest) beginning December 31, 2022. The present value of the three rental payments is $69,630. Sunland considers this a finance lease. Prepare the journal entry to record the lease agreement on the books of Sunland Inc. on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit