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(d) Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded.

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(d) Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded. (C amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Jan 1, 2027 Debit Exercise 15-04 a-d (Part Level Submission) Crane Company issued $335,500 of 8%, 10-year bonds on January 1, 2020, at face value. Interest is payable annually on January 1. Your answer is correct

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