On May 1, 2022, Crane Corp. issued $560,000,12%,5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) Prepare the journal entry to record the issuance of the bonds. (Credit occount 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. 2022. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) Show the balance sheet presentation on December 31, 2022. (Enter account name only and do not provide descriptive information.) Prepare the journal entry to record payment of interest on May 1, 2023. (Credit occount titles are automatically indented when amount is entered. Do not indent monually.) Attempts: 0 of 2 used (e). Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credit occount titles are automatically indented when amount is entered. Do not indent manually.) Assume that on January 1, 2024, Crane pays the accrual bond interest and calls the bonds. The call price is 104. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)