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View Policies Show Attempt History Current Attempt in Progress Cheyenne Corp. issued $568,000 of 5-year, 9% bonds at 95 on January 1, 2022. The bonds
View Policies Show Attempt History Current Attempt in Progress Cheyenne Corp. issued $568,000 of 5-year, 9% bonds at 95 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) Debit Credit Account Titles and Explanation 539600 28400 Discount on Bonds Payable 568000 Gonds Payable (a2) Your answer is correct. Compute the total cost of borrowing for these bonds 204000 Total cost of borrowing eTextbook and Media List of Accounts Attempts: 4 of 10 used (61) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 102. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation e Textbook and Media
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