On May 1, 2020, Crane Corp. issued CHF 660,000,8%,5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1 . Financial statements are prepared annually on December 31. Prepare the joumal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31,2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,675.) Show the statement of financial position presentation on December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,675.) Prepare the joumal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,675.) Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,675.) Assume that on January 1, 2022, Crane pays the accrual bond interest and calls the bonds. The call price is 105 . Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, eg. 5,675.)