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Edit View History Bookmarks Window Help e edugen.wleyplus.com READ THIS FIRSTI-ACC-102-OLA-FA18-Accounting wileyPLUS: MywileyPLUS I Help I Contact Us I Log Out LUS Kimmel, Accounting, Ge ACCOUNTING I/I (Accounting 101/102) y & Practice Gradebook ORION Downloadable eTextbook cucuLATOR ruLL SCREEN PRNTER VERSION .BACK RCES Problem 10-9A (Part Level Submission) Crane Company sold $3,330,000, 7%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 105 and (2) 96.(Credit udy account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit sHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by

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No. Date Account titles and explanation Debit Credit 1. 1/1/17 Cash($3,330,000 * 1.05) $3,496,500 Premium on bonds payable $166,500 Bonds Payable $3,330,000 2. 1/1/17 Cash($3,330,000 * 0.96) $3,196,800 Discount on bonds payable $133,200 Bonds Payable $3,330,000

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