QUESTION UPDATED: Cullumber Company issued $690,000 of 5-year, 7% bonds at 98 on January 1, 2022. The bonds pay interest annually.

(a 1) 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 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (a2) Compute the total cost of borrowing for these bonds. Total cost of borrowing $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (11) 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.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (62) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 101. Total cost of borrowing $ (a 1) 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 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (a2) Compute the total cost of borrowing for these bonds. Total cost of borrowing $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (11) 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.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (62) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 101. Total cost of borrowing $