Business
Business, 23.04.2021 21:20, treytonmesser

Hoffman Corporation issued $60 million of 9%, 15-year bonds at 106. Each of the 60,000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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Hoffman Corporation issued $60 million of 9%, 15-year bonds at 106. Each of the 60,000 bonds was con...

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