Crane Inc. issues $250,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Mar. 1 Account Titles and Explanation Debit Credit
Crane Inc. issues $250,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Mar. 1 Account Titles and Explanation Debit Credit
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 5PB: Dixon Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...
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![Crane Inc. issues $250,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Mar. 1
Account Titles and Explanation
eTextbook and Media
List of Accounts
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b84340f-cf79-4540-abd2-ca0f064a25bb%2F01ec8fe3-8354-4370-b3ad-d93722064aa3%2F64hlfqs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Crane Inc. issues $250,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Mar. 1
Account Titles and Explanation
eTextbook and Media
List of Accounts
Debit
Credit
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