Cheyenne Corp. issued $568,000 of 5 year. 9% bonds at 95 on January 1, 2022. The bonds pay interest annually. (1) 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.) Debit Credit Account Titles and Explanation 539600 28400 Discount on Bonds Payable 566000 Bond Payab eTextbook and Media List of Accounts Attempts: 2 of 10 used (a2) X Your answer is incorrect Compute the total cost of borrowing for these bonds 539600 Total cost of borrowing e Textbook and Media List of Accounts Attempts: 2 of 10 used Submit Answer Save for Later