Presented below are selected transactions on the books of Crane Corporation.

June, $1,2025$

Dec. $31$

Jan. $1,2026$

August $1$

Dec. $31$

Bonds Payable with a par value of $$480,000,$ which are dated January $1,2025,$ are sold at $99$ plus accrued interest.

They are coupon bonds, bear interest at $8\%($payable annually at January $1),$ and mature January $1,2035.($Use

interest expense account for accrued interest.$)$

Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper

amount of discount. $($Use straight$-$line amortization.$)$

Interest on the bonds is paid.

Bonds with par value of $$192,000$ are called at $101$ plus accrued interest, and retired. $($Bond discount is to be

amortized only at the end of each year.$)$

Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of discount

amortized.

Prepare journal entries for the transactions above. $($Round intermediate calculations to $6$ decimal places, e$.$s$.1\mathrm{.}251247$ and final answers to

$0$ decimal place, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts. Credit account titles are

automatically indented when the amount is entered. Do not indent manually, List. all debit entries before credit entries.$)$