On June 30,2020 , Crane Company issued $3,660,000 face value of 13%,20-year bonds at $3,935,340, a yield of 12%. Crane uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 . (a) Prepare the journal entries to record the following transactions. (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.) (1) The issuance of the bonds on June 30, 2020. (2) The payment of interest and the amortization of the premium on December 31, 2020. (3) The payment of interest and the amortization of the premium on June 30, 2021. (4) The payment of interest and the amortization of the premium on December 31, 2021. (2) December Interest Expense Premium on Bonds Payable Cash (3) June 30, Interest Expense 2021 , Premium on Bonds Payable Cash Premium on Bonds Payable Cash