Crane Company issued $560,000 of 5-year, 9% bonds at 95 on January 1, 2022. The bonds pay interest annually. (a1) (a2) (b1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account titles automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

Crane Company issued $560,000 of 5 -year, 9% bonds at 95 on January 1,2022 . The bonds pay interest annually. (a1) (a2) (b1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account title: automatically indented when amount is entered. Do not indent manually.) Crane Company issued $560,000 of 5 -year, 9% bonds at 95 on January 1,2022 . The bonds pay interest annually. (a1) (a2) (b1) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 105 . Total cost of borrowing Crane Company issued $560,000 of 5 -year, 9% bonds at 95 on January 1,2022 . The bonds pay interest annually. (a1) (a2) (b1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account title: automatically indented when amount is entered. Do not indent manually.) Crane Company issued $560,000 of 5 -year, 9% bonds at 95 on January 1,2022 . The bonds pay interest annually. (a1) (a2) (b1) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 105 . Total cost of borrowing