asap

Modules Conferences Collaborations On August 1, 2020, EFG Company issued its 12% callable bonds in the face amount of P5,000,000 which matures on July 1, 2025. The bonds were issued at 95. The interest payment date is on Jan 1 and July 1. 1. Complete the journal entry provided below: Round-off your answer to whole number. Accounts Accounts Debited Credited Dr. Cr. Cash Discount on Bonds Payable Bonds Payable Premium on Bonds Payable Interest Payable 2. Compute the total cost of borrowing for the entire term of the bonds. Round-off your answer to whole number