Exercise 10-11 Crane Company issued $405,000, 15-year, 4% bonds at 98 Prepare the journal entry...
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Exercise 10-11 Crane Company issued $405,000, 15-year, 4% bonds at 98 Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Suppose the remaining Discount on Bonds Payable was $4,860 on December 31, 2022. Show the balance sheet presentation on this date. CRANE COMPANY Balance Sheet (Partial)
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