Crane Company issued $560,000 of 5-year, 8% bonds at 99 on January 1.2022. The bonds pay interest annually. (a1) 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 Save for Later (a2) Compute the total cost of borrowing for these bonds. Total cost of borrowing $ (b1) Save for Later Attempts: 0 of 1 used Submit Answer Attempts: 0 of 1 used Submit Answer 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.) Account Titles and Explanation Debit Credit (a1) (a2) (b1) (b2) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 103. Total cost of borrowing Save for Later Attempts: 0 of 1 used Submit