Crane Corporation issued $2,100,9\%,$ year, $$1,000$ bonds dated January $1,2022,$ at $100.$ Interest is paid each Jan$$ary $1.$Crane Corporation issued $2,100,9\%,5-$year, $$1,000$ bonds dated January $1,2022,$ at $100.$ Interest is paid each Jan$$ary $1.$

$($a$)$

Prepare the joumal entry to recordate sale of these bonds on January $1,2022.($Credil occount titles are outomatically indented when amount is ertered. Do not indent manually$)$

Date Account Titles and Explanation

Debit

Credit

Janaury

$1,2022$

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List of Accounts

Blossom Company issued a $$3,600,000,12\%,10-$year mortgage note payable to finance the construction of a building at December $31,2020.$ The terms provide for annual installment payments of $$637,143.$

Prepare the entry to record:

$($a$)$ the mortgage loan on December $31,2020.$

$($b$)$ the first installment payment.

$($Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

$($a$)$

$$

$($b$)$

Debit

$$

$q,$

$$

$$

Credit

$$

$$

$$

Crane Corporation issues a $$9,350,000,4\%,20-$year mortgage note payable on December $31,2020,$ to obtain needed financing for the construction of a building addition. The terms provide for annual installment payments of $$687,989$ on December $31.$

$($a$)$

Prepare the journal entries to record the mortgage loan on December $31,2020,$ and the first installment payment $($Credli occount tite are automatically indatied when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Date Account Titles and Explanation Debit

Dec.

$31,$

$2020$

Dec.

$31$

$2021$