On January 1, 2014, Crane World issued bonds with a face value of $208,000. The bonds carry a stated interest of 6% payable each January 1. Prepare the journal entry for the issuance of the bonds if the bonds are issued at 98.5. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Cash Bonds Payable Debit 204880 XX Credit

On January 1,2014, Crane World issued bonds with a face value of $208,000. The bonds carry a stated interest of 6% payable each January 1. Prepare the journal entry for the issuance of the bonds if the bonds are issued at 98.5 . (Credit account titles are automatically indented when amount is entered. Do not indent manually.)