13. Liam Equipment Company issued 325 eight-year, 7% convertible bonds for $354,400. Each bond had a par value of $1,000. Each $1,000 bond converts into five 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 $150 per share and the market rate of interest was 7% at issuance. Prepare the journal entry to record the bond issue, assuming that Liam Equipment Company is an IFRS reporter(Record debits first, then credits. Exclude explanations from any journal entries.) Account Date of Issue