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5 Exercise 15-06 a1-b2 Crane Company issued $560,000 of 5-year, 9% bonds at 95 on January 1, 2020. The bonds pay interest annually. Prepare the

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5 Exercise 15-06 a1-b2 Crane Company issued $560,000 of 5-year, 9% bonds at 95 on January 1, 2020. The bonds pay interest annually. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Compute the total cost of borrowing for these bonds. Total cost of borrowing SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account titles are automatically inder Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Compute the total cost of borrowing for these bonds. Total cost of borrowing $ SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account titles are automatical Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 105. Total cost of borrowing $ Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Exercise 15-11 The adjusted trial balance for Cullumber Farm Corporation at the end of the current year contained the following accounts. Interest Payable $6,000 Lease Liability 85,200 Bonds Payable, due 2025 175,200 Premium on Bonds Payable 20,000 Prepare the long-term liabilities section of the balance sheet. (Enter account name only and do not provide descriptive information.) Cullumber Farm Corporation Balance Sheet (Partial) $ $ Click if you would like to show Work for this question: Deen Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT

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