Ivantioe Company issued $680,000 of 5 -year, 8% 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 automotically Indented when amount is entered. Do not indent manuoliy.) Attempts: 0 of 1 used Compute the total cost of borrowing for these bonds. Total cost of borrowing Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at IUs. (Creair accuuntuuts air automatically indented when amount is entered. Do not indent manually.) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 103. Total cost of borrowing