Cullumber Company issued $650,000 of 5-year, 9% bonds at 96 on January 1, 2022. The bonds pay interest annually. (a1) 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) Account Titles and Explanation Debit Credit Cash Discount on Bonds Payable Bonds Payable Save for Later Last saved 2 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 0 of 1 used Submit Answer Compute the total cost of borrowing for these bonds. Total cost of borrowing $ (b1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 102. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (b2) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 102 Total cost of borrowing $