upport Crane Company sold $3,110,000,9%, 10 year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually ating ates Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Credit Date Account Titles and Explanation Debit 1 1/1/22 Cash 3203300 3,110,000 Bonds Payable 93,300 Premium on Bonds Payable 2985600 2 1/1/22 Cash Discount on Bonds Payable 3110000 Bonds Payable hp Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value 93300 date 279900 270570 9330 83970 31935 279900 270570 9330 74640 3184 279900 270570 9330 65310 3175 Prepare amortization table for issuance of the bonds sold at 96 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value 124400 Issue date 292340 279900 12440 279900 279900 Your answer is correct. Prepare the journal entries to record interest expense for 2022 under both of the bond issuances assuming they sold at: (1) 103 and (2)96. Cred account des are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 12/31/22 Interest Expense 270570 Premium on Bonds Payable Interest Payable 279900 2. 12/31/22 Interest Expense 292340 Discount on Bonds Payable 12440 279900 Interest Payable e Textbook and Media List of Accounts Attempts: 2 of 3 used Show the long term liabilities balance sheet presentation for issuance of the bonds sold at 103 at December 31, 2022 CRANE COMPANY Balance Sheet (Partial) Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 96 at December 31, 2022. CRANE COMPANY e Textbook and Media hp