On January 1, 2020, Crane Company issued $595.000, 166, 10-year bonds at facevakse. Interest is payable arraually on January 1 Part 1 Part 2 Your answer is partially correct Prepare the journal entry to record the accrual of interest on December 31, 2020. (Credit account des an outomatically Indented when amount is entered. Do not indent manually Debit Credit Date Dec 31 2020 Account Titles and Explanation Interest Expense Interest Payable e Textbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Submit Answer Part 3 Prepare the journal entry to record the payment of interest on January 1 2021. Credit account titles are automatically indented when amount is entered Do not indien manually Account Titles and Explanation Debit Credit Date Jan. 1 2021 eTextbook and Media SAMSUNG