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vanhoe Company issued $680,000 of 5 -year, 8% bonds at 96 on January 1, 2022....

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Accounting

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vanhoe Company issued $680,000 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.) Compute the total cost of borrowing for these bonds. Total cost of borrowing $ eTextbook and Media List of Accounts

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