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JRCES Exercise 15-03 a-c On January 1, 2020, Crane Company issued $268,000, 7%, 5-year bonds at face value. Interest is payable annually on January 1. Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Cash 268000 Bonds Payable 268000 Study SHOW LIST OP ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare the journal entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Interest Expense 26800 X Interest Payable 26800 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare the journal entry to record the payment of interest on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2021 Interest Payable 26800 cash 26800 Click fould like tn Show Work for thic ustiano Gansbach Type here to search O