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Need help with this question please Problem 15-05A a-d Crane Electric sold $3,100,000, 12%, 10-year bonds on January 1, 2020. The bonds were dated January

Need help with this question please

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Problem 15-05A a-d Crane Electric sold $3,100,000, 12%, 10-year bonds on January 1, 2020. The bonds were dated January 1 and pay interest annually on January 1. Crane Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 101. Your answer is partially correct. Try again. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Interest Expense 372000 X Discount on Bonds Payable Interest Payable 375720 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Prepare a bond premium amortization schedule for the first 4 interest periods. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value X Issue date 2 3 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXTx Your answer is incorrect. Try again. Prepare the journal entries for interest and the amortization of the premium in 2020 and 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit x X SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Show the balance sheet presentation of the bond liability at December 31, 2021. (Enter account name only and do not provide descriptive information.) Crane Electric Balance Sheet (Partial) X Click if you would like to Show Work for this question: Open Show Work

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