On January 1, 2020, Crane Company sold 12% bonds having a maturity value of $650,000 for $753,808, which provides the bondholders with a 8% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable December 31 of each year. Crane Company allocates interest and unamortized discount or premium on the effective-interest basis.

(a) Your answer has been saved. See score details after the due date. Prepare the journal entry at the date of the bond issuance. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2020 Attempts: 1 of 1 used

(b) Prepare a schedule of interest expense and bond amortization for 20202022. (Round answer to 0 decimal places, e.g. 38,548.) Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Date Cash Paid Interest Expense Premium Amortized Carrying Amount of Bonds 1/1/20 $ $ $ $ 12/31/20 12/31/21 12/31/22 Save for LaterAttempts: 0 of 1 usedSubmit Answer

(c) The parts of this question must be completed in order. This part will be available when you complete the part above.

(d) The parts of this question must be completed in order. This part will be available when you complete the part above.