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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

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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. (a) (b) Prepare the journal entry to record the accrual of interest on December 31, 2020. (Credit account titles are auto Date Account Titles and Explanation Debit Credit Dec. 31, 2020 SHOW LIST OF ACCOUNTS

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