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Exercise 10-13 Crane Company issued $410,000 of 10%, 20-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1. Your
Exercise 10-13 Crane Company issued $410,000 of 10%, 20-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1. Your answer is correct. 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 Credi Jan. 1, 2017 410000 Bonds Payable SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Your answer is partially correct. Try again. Prepare the journal entry to record the accrual of interest on December 31, 2017. (Credit account titles are automaticaly indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 Expense Payable SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try Prepare the journal entry to record the payment of interest on January 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually) again Date Account Titles and Explanation Debit Credit an. 1, 2018 t Payable SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is correct. Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manualy Date Account Titles and Explanation Debit Credit an. 1, 2037 Payable 410000 41 Click if you would like to Show Work for this questioni Open Show Work
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