Exercise 10-21 Crane Company issued $451,500, 8%, 15-year bonds on December 31, 2016 for $433,44 method to amortize bond premium or discount. Interest is payable annually on December 31 Crane usest est aight-line Prepare the journal entries to record the following events. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance of the bonds. (b) The payment of interest and the discount amortization on December 31, 2017. (c) The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded No. Date Account Titles and Explanation Debit Credit (a) Dec. 31, 2016 (b) Dec. 31, 2017 (c) Dec. 31, 2031