Homework Answers
Solution:
| Journal Entries - Crane Company | |||
| Date | Particulars | Debit | Credit |
| 1-Jun-20 | Cash Dr | $218,400.00 | |
| To Bond Payable | $210,000.00 | ||
| To Premium on Bond Payable | $8,400.00 | ||
| (To record issue of bond at premium) | |||
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