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135/18 Question 8 of 18 View Policies Show Attempt History Current Attempt in Progress Cheyenne Corp. issued $568,000 of 5 year, 9% bonds at 95

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135/18 Question 8 of 18 View Policies Show Attempt History Current Attempt in Progress Cheyenne Corp. issued $568,000 of 5 year, 9% bonds at 95 on January 1, 2022. The bonds pay interest annually. (a1) Your answer is correct 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.) Debit Credit Account Titles and Explanation 539600 Cash 28400 Discount on Bas Payable 5000 Bonds Payable (a2) Your answer is correct Compute the total cost of borrowing for these bonds. Total cost of borrowing $ 284000 eTextbook and Media List of Accounts Attempts: 4 of 10 used (61) Your answer is correct Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 102. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 579380 Premium on Bonds Payable 11360 Bonds Payable 56800 eTextbook and Media List of Accounts Attempts: 3 of 10 used Attempts: 3 of 10 used (62) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 102 Total cost of borrowing $ eTextbook and Media List of Accounts Save for later Attempts: 0 of 10 used Submit Amwel

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