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Exercise 15-06 a1-b2 Pharoah Company issued $610,000 of 5-year, 5% 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 indent manually.) 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 104. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXTCompute the total cost of borrowing for these bonds, assuming the bonds were issued at 104. Total cost of borrowing Click if you would like to Show Work for this question: Open Show Work