Ch. 10: 4. On January 1, 2018, Focus Corporation issued $600,000, 6%, 5-year bonds at face value. Interest is payable ann ually on January 1 Instructions Prepare journal entries to record the a. Issuance of the bonds. b. Accrual of interest on December 31. Prepare the journal entry for the issuance assuming the bonds are issued at 97. d. Prepare the journal entry for the issuance assuming the bonds are issued at 104. What is the cost of borrowing at issuance of bonds at 97? What is the cost of borrowing at issuance of bonds at 104? C e f