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nt 2:30 PM / Remaining: 10 min Vaughn Company issued C261,000 of 5-year, 9% bonds at 95 on January 1, 2017. The bonds pay interest

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nt 2:30 PM / Remaining: 10 min Vaughn Company issued C261,000 of 5-year, 9% bonds at 95 on January 1, 2017. The bonds pay interest annually CALCULATOR (1) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when manually.) Account Titles and Explanation Debit Credit Cash 261.000 263,000 Bonds Payable (2) Compute the total cost of borrowing for these bonds Total cost of borrowing e 117350 (1) Prepare the journal entry to record the souance of the bords, assuming the bonds were issued at 102. (Credit account when amount is entered. Do not Indent manually.) Account Titles and Explanation Debt Credit Interest Expense 130500 130500 Interest Payable (2) Compute the total cost of borrowing for these bonds, assuming the bonds were inued at 102. Total cost of borrowing e 2po

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