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On October 1 , 2 0 2 4 , Crane Corporation issued $ 7 3 0 , 0 0 0 of 1 0 - year,

On October 1,2024, Crane Corporation issued $730,000 of 10-year, 7% bonds at 100. Interest is
payable semi-annually on October 1 and April 1. Cranes year end is December 31 and the
company records adjusting entries annually.
Prepare journal entries to record the following: (Credit account titles are automatically indented
when the amount is entered. Do not indent manually. Record journal entriesin the order presented in
the problem. If no entry isrequired,select "No Entry" for the account titles and enter 0 for the
amounts. List all debit entries before credit entries.)
1. The issue of the bonds on October 1,2024.
2. The accrual of interest on December 31,2024.
3. The payment of interest on April 1,2025.
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