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Blake Corp. issued 5,000,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the companys investment banker determines that they

Blake Corp. issued 5,000,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the companys investment banker determines that they would have been sold at 95. Prepare journal entry to record this transaction.

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