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Sheffield Corp.issued $427.00p of 5-year, 6% bonds at 97 on January 1, 2022. The bonds pay interest annually. (a1) 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. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Cash 414190 Discount on Bonds Payable 12810 Bonds Payable 427000 (a2) Your answer is correct. Compute the total cost of borrowing for these bonds. Total cost of borrowing $ 140910 e Textbook and Media List of Accounts Attempts: 2 of 3 used Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 104. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Cash Discount on Bonds Payable Bonds Payable cTextbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Last saved 22 minutes ago Saved work will be auto-submitted on the due date. Auto submission can take up to 10 minutes (62) The parts of this question must be completed in order. This part will be available when you complete the part above

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