Pharoah Company issued $521,500 of 5-year, 6\% bonds at 96 on January 1,2022 . The bonds pay interest annually. (a1) Your answer is correct. 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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media List of Accounts Attempts: 2 of 3 (a2) Compute the total cost of borrowing for these bonds. Total cost of borrowing Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 101. Total cost of borrowing $ List of Accounts Attempts: 0 of 5 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.)