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pls!!!! Cullumber Company issued 6650,000 of 5 year, 9% bonds at 96 on January 1, 2020. The bonds pay interest annually. Prepare the journal entry
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Cullumber Company issued 6650,000 of 5 year, 9% bonds at 96 on January 1, 2020. The bonds pay interest annually. Prepare the journal entry to rocord the issuance of the bonds, (Credit account titles are automaticolly indented when amount is entered. Do not indent manually) Compute the total cost of borrowing for these bonds. Total cost of borrowing Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 102. KCredit account tities are aetomatically indented when amount is entered. Do not indent manually.) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 102 Total cost of borrowing Step by Step Solution
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