Crane Corporation had the following transactions in 2020 and 2021 pertaining to debt investments. Purchased...
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Crane Corporation had the following transactions in 2020 and 2021 pertaining to debt investments. Purchased 5512%,$1,000 Wolfe Co. bonds for $56,100 cash on January 1,2020 . Interest is payable annually on January 1 . Accrued interest on Wolfe Co. bonds on December 31, 2020. Received interest on Wolfe Co. bonds on January 1,2021. Sold 35 Wolfe Co. bonds for $38,675 on January 1,2021
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