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The balance sheet for Crane Company reports the following information on July 1, 2025. Crane decides to redeem these bonds at 104 after paying annual

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The balance sheet for Crane Company reports the following information on July 1, 2025. Crane decides to redeem these bonds at 104 after paying annual interest. Prepare the journal entry to record the redemption on July 1,2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the omounts.) Prepare the journal entry to record the redemption on July 1,2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manualfy. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

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