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Problem 15-09A a-c (Part Level Submission) On January 1, 2020, Crane Company issued $2,410,000, 6%,...

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Problem 15-09A a-c (Part Level Submission) On January 1, 2020, Crane Company issued $2,410,000, 6%, 10-year bonds at $2,596,094. This price resulted in a 5% effective-interest rate on the bonds. Crane uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1 (a) Prepare the journal entries to record the following transactions. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) The issuance of the bonds on January 1, 2020. (2) Accrual of interest and the amortization of the premium on December 31, 2020 (3) The payment of interest on January 1, 2021 (4) Accrual of interest and amortization of the premium on December 31,, 2021 No. Date Account Titles and Explanation Debit Credit (1) Jan. 1, 2020 (2) Dec. 31, 2020 Jan. 1, 2021 (3) (4) Dec. 31, 2021 Click if you would like to Show Work for this question: Open Show Work

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