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Brief Exercise 16-1 Archer Inc. issued $3,808,100 par value, 7% convertible bonds at 97 for cash. If the bonds had not included the conversion feature,

Brief Exercise 16-1 Archer Inc. issued $3,808,100 par value, 7% convertible bonds at 97 for cash. If the bonds had not included the conversion feature, they would have sold for 95. Prepare the journal entry to record the issuance of the bonds

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