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Wildhorse Co. issued $575,500 of 5-year, 5% bonds at 98 on January 1, 2020. The bonds pay interest annually. Prepare the journal entry to record

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Wildhorse Co. issued $575,500 of 5-year, 5\% bonds at 98 on January 1, 2020. The bonds pay interest annually. Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 103. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) eTextbook and Media List of Accounts Attempts: 2 of 5 us b2) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 103. Total cost of borrowing $ eTextbook and Media

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