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Question 16 View Policies Current Attempt in Progress Crane Company issued $495,000, 15-year, 5% bonds at 96. Prepare the journal entry to record the sale

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Question 16 View Policies Current Attempt in Progress Crane Company issued $495,000, 15-year, 5% bonds at 96. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent man Date Account Titles and Explanation Debit Credit Jan. Suppose the remaining Discount on Bonus Payable was 1880 on December 31, 2027 Show the balance sheet presentation on this date 3:44 PM /11/2020 CRANE COMPANY Balance Sheet (Partial) Suppose the remaining Discount on Bonds Payable was $11,880 on December 31, 2027. Show the balance sheet presentation on this date. CRANE COMPANY Balance Sheet (Partial) for at Last Saved 1 secondago. Saved work will be auto-submitted on Attempts: 0 of 1 PM 11/2020 o grade 02032015 the Gracebook hp

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