Question: On July 1, 2023, Crane Inc. issued $530000, 9% bonds, which mature on July 1, 2030. The bonds were issued for $504197 to yield

On July 1, 2023, Crane Inc. issued $530000, 9% bonds, which mature

On July 1, 2023, Crane Inc. issued $530000, 9% bonds, which mature on July 1, 2030. The bonds were issued for $504197 to yield 10%. Crane uses the effective interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2025, the adjusted balance in the Bonds Payable account should be $530000. O $530717. $506917. $509909.

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