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Question 3 Crane Company purchased 70 Rinehart Company 6%, 10-year $1,180 bonds on January 1, 2020, for $82,000. The bonds pay interest annually an auary

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Question 3 Crane Company purchased 70 Rinehart Company 6%, 10-year $1,180 bonds on January 1, 2020, for $82,000. The bonds pay interest annually an auary 1. On January 1, 2021, after receipt of interest, Crane Company sold 40 of the bonds for $45.430 Prepare the journal entries to record the transactions described above. (Round answers to decimal places, a 15.250. Credit accounties are automatically indeed when amount is entered. Do not indent manually. If no entry is required, select "No entry for the countries and enter for the amounts Record female In the order wesented in the problem Date Account Titles and Explanation Debit G To record receipt of interest (To record sale of bonds)

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