11. Lionel Equipment Company issued 350 eight-year, 10% convertible bonds for $380,200. Each bond had a par value of $1,000. Each $1,000 bond converts into six shares of $1 par value common stock at the option of the bondholder beginning two years after the date of issue. The market price of the common stock on the purchase commitment date was equal to $90 per share and the market rate of interest was 10% at issuance. Prepare the journal entry to record the bond issue.(Record debits first, then credits. Exclude explanations from any journal entries.) Date of Issue 380200 Account (1) Cash (2) Other Capital Reserves (3) Bond Payable