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Exercise 10-9 (Part Level Submission) On January 1, Crane Company issued $420,000, 896, 20-year bonds at face value. Interest is payable annually on January 1,

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Exercise 10-9 (Part Level Submission) On January 1, Crane Company issued $420,000, 896, 20-year bonds at face value. Interest is payable annually on January 1, (a) Prepare 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

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