Question 5 of 12 1.42/2 E Your answer is partially correct Crane Corporation issued $552,000 of 5% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1. 2023, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest Prepare Crane's journal entries for (a) the May 1 issuance (b) the July 1 interest payment, and (c) the December 31 adjusting entry (if no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit ay 1, 2020 Cash 552000 Date Debit Bonds Payable 524400 Interest Expense 27600 ily 1, 2020 Interest Expense 27600 Cash 27600 06.31.2020 Interest Expense 27600 Interest Payable