With this information "Compute the total cost of borrowing for these bonds".

Exercise 10-11 (Part Level Submission) Marigold Corp. issued $530,000 of 5-year, 5% bonds at 99 on January 1, 2019. The bonds pay interest annually. (al) 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.) Account Titles and Explanation Debit Credit Cash Discount on Bonds Payable 5300 Bonds Payable 530000