Larkspur Company issued 297,000 of 5-year, 6% bonds at 95 on January 1, 2017. The bonds pay interest annually. (1) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented wher amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 282150 Bonds Payable 282150 (2) Compute the total cost of borrowing for these bonds. Total cost of borrowing 89100 (1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 104. (Credit account tit are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 308880 Bonds Payable 308880 (2) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 104. Total cost of borrowing