Archer Company issued (in pounds) 4,000,000 par value, 7% convertible bonds at 99 for cash. The net
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Archer Company issued (in pounds) £4,000,000 par value, 7% convertible bonds at 99 for cash. The net present value of the debt without the conversion feature is
£3,800,000. Prepare the journal entry to record the issuance of the convertible bonds.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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