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lus thto 60,000 shares of uuil lit the bonds were issued at par E15.6 Whitmore...

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Accounting

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lus thto 60,000 shares of uuil lit the bonds were issued at par E15.6 Whitmore Company issued $500,000 of 5-year, 8% bonds at 97 on January 1, 2017. The bonds pay interest annually Prepare ent and premi LO 2) Instructions (1) Prepare the journal entry to record the issuance of the bonds. 2) Compute the total cost of borrowing for these bonds. (b) Repeat the requirements from part (a), assuming the bonds were issued at 105

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