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Question 10 Crane Corporation iscued $400,000, 420-year bands on January 1, 2020, for $365,46. The price resulted in an effective interest rate of 10% on

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Question 10 Crane Corporation iscued $400,000, 420-year bands on January 1, 2020, for $365,46. The price resulted in an effective interest rate of 10% on the bonds Interest is payable annually on January 1.Crane uses the effective interest method to amortire bond premium or discount Prepare the journal entry to record the issuance of the bonds (Round answers to deal aces15.250. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Orbit Credit Tan ACCOUNT LINE TO TY Prepare the journal entry to record the calor interest and the discount amortization on December 31, 2020. Round answers to decimale 15.250 Cred account les are Butomatically indented when mountained. Do not indunt manually Date Account Titles and Explanation Debit Creda Dort Prepare the joumal entry to record the accrual of interest and the discount amortization on December 31, 2020. (Round answers to decimal places. e... 15.250. Credit account titles are automatically indented when uns entered to not indent) Date Accounties and Explanation Dwa Cred Dec. Ji SHOW LIST OF ACCOUNTS LINK TO TEXT Preoare the fourtantivo pard the commenterest.com. 2011. (Hound answers to decimal lace es, 250. Credit munt titles are automatically Indented when amount were Debat Crea Date Account totes and Explanation Jan 1

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