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On January 1 , 2 0 2 5 , Crane Industries Inc. issued a $ 9 8 , 0 0 0 , 7 % bond
On January Crane Industries Inc. issued a $ bond due in years with interest payable each January and July The effective interest rate is Assuming instead that the effective interest rate is determine the discount or premium on the bond. For calculation purposes, use decimal places as displayed in the factor table provided, eg and final answer to decimal places, eg on the bond $ Prepare the journal entry for the bond issue. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and erter for the amounts. List debit entry before credit entry. Round answer to decimal places, eg Account Titles and Explanation Debit Credit
On January Crane Industries Inc. issued a $ bond due in years with interest payable each January and July The effective interest rate is
Assuming instead that the effective interest rate is determine the discount or premium on the bond. For calculation purposes, use decimal places as displayed in the factor table provided, eg and final answer to decimal places, eg
on the bond $
Prepare the journal entry for the bond issue. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and erter for the amounts. List debit entry before credit entry. Round answer to decimal places, eg
Account Titles and Explanation
Debit
Credit
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