Question: question B1 please!!! Current Attempt in Progress Cullumber Company issued $580,000 of 5 year, 8% bonds at 96 on January 1,2022 . The bonds pay

question B1 please!!! question B1 please!!! Current Attempt in Progress Cullumber Company issued $580,000

of 5 year, 8% bonds at 96 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

Current Attempt in Progress Cullumber Company issued $580,000 of 5 year, 8% bonds at 96 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.) Your answer is correct. Compute the total cost of borrowing for these bonds. Total cost of borrowing $ 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.)

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