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The following section is taken from Crane's balance sheet at December...

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Accounting

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The following section is taken from Crane's balance sheet at December 31, 2021. Interest is payable annually on January 1. The bonds are callable on any annual interest date. (a) Joumaliethe payment of the bond interst on January 1.2022 (b) Aosume that on January 1,2022, after paying infereft. Crane calls bonds having a face value of $160,000. The call price is 107. Fecord the redemption of the bonds (c) Prepare the adiustingentry on December 31.2022 , to accrue the interest on the remaining bonds

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