Crane Inc. issued $$892,000$ of $20-$year, $10\%$ bonds on January $1,2023,$ at $103.$ Interest is payable semi$-$annually on July $1$ and January

The company follows ASPE and uses the straight$-$line method of amortization for any bond premium or discount.

$($a$)$ Prepare the journal entries to record the following: $($Credit account titles are automatically indented when the amount is entered. Do not

indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit

entries. Record journal entries in the order presented in the problem.$)$

The issuance of the bonds

The payment of interest and the related amortization on July $1,2023$

The accrual of interest and the related amortization on December $31,2023$

Date Account Titles and Explanation

Date

Debit

Credit