question b1

Pina Colada Corp. issued $541,000 of 5 -year, 8% bonds at 97 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 entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) eTextbook and Media List of Accounts Attempts: 2 of: (a2) 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 103. (Credit account tities are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.)