Sunland Company issued $600,000 of 5-year, 8% bonds at 95 on January 1, 2027. The bonds...

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Sunland Company issued $600,000 of 5-year, 8% bonds at 95 on January 1, 2027. The bonds pay interest annually. (a1) Your Answer Correct Answer 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 Cash Debit 570000 Credit Discount on Bonds Payable Bonds Payable eTextbook and Media Solution List of Accounts (a2) Compute the total cost of borrowing for these bonds. Total cost of borrowing +A 30000 600000 Attempts: 1 of 1 used Sunland Company issued $600,000 of 5-year, 8% bonds at 95 on January 1, 2027. The bonds pay interest annually. (a1) Your Answer Correct Answer 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 Cash Debit 570000 Credit Discount on Bonds Payable Bonds Payable eTextbook and Media Solution List of Accounts (a2) Compute the total cost of borrowing for these bonds. Total cost of borrowing +A 30000 600000 Attempts: 1 of 1 used