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help on part d Crane Company issued $450,000 of 10%,20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1.
help on part d
Crane Company issued $450,000 of 10%,20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. (a) Your answer is correct Prepare the journal entry to record the issuance of the bonds. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually.) Prepare the journal entry to record the accrual of interest on December 31,2022 . (Credit account titles are automatically indented when amount is entered. Do not indent manuallyd Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 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 manually.) Step by Step Solution
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