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please answer and show all steps ASAP. thank you On January 1, 2023, Crane Incorporated redeemed bonds prior to their maturity date of January 1,
please answer and show all steps ASAP. thank you
On January 1, 2023, Crane Incorporated redeemed bonds prior to their maturity date of January 1, 2024. The face value of the bonds was $410,000, and the redemption was performed at 91 . As at the redemption date, the unamortized premium was $8,770. Prepare the corporation's journal entry to record the redemption of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)Step by Step Solution
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