Exercise 15-06 al-b2 vanhoe Company issued 5680,000 of 5-year, 8% bonds at 96 on January 1, 2020. The bonds pay interest annually. Your answer is partially correct. Try again. 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 646000 Discount on Bonds Payable 34000 Bonds Payable 680000 SHOW LIST OF ACCOUNTS LINK TO TEXT X Your answer is incorrect. Try again. Compute the total cost of borrowing for these bonds. Total cost of borrowing 340000 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 103. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 714000 Premium on Bonds Payable 34000 Bonds Payable 680000 x Your answer is incorrect. Try again. Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 103. Total cost of borrowing Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT