Oriole Company issued $404,500 of 5-year, 5% bonds at 98 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.)

Account Titles and Explanation	Debit	Credit

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Compute the total cost of borrowing for these bonds.

Total cost of borrowing

$

SHOW LIST OF ACCOUNTS

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Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 104. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 104.

Total cost of borrowing

$

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