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Windsor, Inc. issued $500,500 of 5-year, 5% bonds at 98 on January 1, 2019. The bonds pay interest annually. Prepare the journal entry to record
Windsor, Inc. issued $500,500 of 5-year, 5% bonds at 98 on January 1, 2019. The bonds pay interest annually. 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 Cash 490490 Discount on Bonds Payable 10010 Bonds Payable 500500 e Textbook and Media List of Accounts Compute the total cost of borrowing for these bonds. Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 104. (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 Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 104. Total cost of borrowing $
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