Crane Company issued $310,000,6%,10-year bonds on January 1,2022, for $333,936. This price resulted in an...
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Accounting
Crane Company issued $year bonds on January for $ This price resulted in an effectiveinterest rate of on the bonds. Interest is payable annually on January Crane uses the effectiveinterest method to amortize bond premium or discount. Prepare the journal entry to record accrual of interest and the premium amortization on December
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