Question: Problem 15-01A a-f (Part Level Submission) (Video) On May 1, 2020, Crane Corp. issued $530,000, 9%, 5-year bonds at face value. The bonds were dated

Problem 15-01A a-f (Part Level Submission) (Video) On May 1, 2020, Crane Corp. issued $530,000, 9%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31 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 May 1, 2020 Click if you would like to Show Work for this question: Open Show Work

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