Your answer is partially correct. Crane Company issued $$335,500$ of $8\%,10-$year bonds on January $1,2022,$ at face value. Interest is payable annually on January $1,$

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. $1,$

$2032$

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List of Accounts

Attempts: $1$ of $3$ used