Bramble Corp. issued $529,000 of 5-year, 7% bonds at 96 on January 1, 2022. The bonds pay interest annually. (21) 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. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit Cash 507840 Discount on Bonds Payable 21160 Bonds Payable 529000 Compute the total cost of borrowing for these bonds. Total cost of borrowing $