Wildhorse Company issued $600,000 of 5 -year, 8% 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.) Compute the total cost of borrowing for these bonds. Total cost of borrowing (b1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)