Larkspur, Inc. issued $549,500 of 5-year, 10% bonds at 95 on January 1, 2020. The bonds pay interest annually. 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.) Debit Credit Account Titles and Explanation Compute the total cost of borrowing for these bonds. Total cost of borrowing $ e Textbook and Media List of Accounts Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 101. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 101. Total cost of borrowing $