Crane Company issued $$527,000$ of $7\%,10-$year bonds on January $1,2022,$ at face value. Interest is payable annually on January $1,2023.$

$($a$)$

$($b$)$

$($c$)$

$($d$).$

Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1,2032$