Business, 13.12.2019 17:31 lberman2005p77lfi

The crane company issued $250,000 of 10% bonds on january 1, 2020. the bonds are due january 1, 2025, with interest payable each july 1 and january 1. the bonds are issued at face value. prepare crane’s journal entries for

(a) the january issuance,
(b) the july 1 interest payment, and
(c) the december 31 adjusting entry

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The crane company issued $250,000 of 10% bonds on january 1, 2020. the bonds are due january 1, 2025...

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