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On January 1,2020, Crane Corporation issued $815,000,8%,10-year bonds at face value. Inter est s payable annually on January 1. Crane Corporation has a calendaryear end.

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On January 1,2020, Crane Corporation issued $815,000,8%,10-year bonds at face value. Inter est s payable annually on January 1. Crane Corporation has a calendaryear end. Prepareall entries related to the bondissue for 2020 and January 1,2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries)

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