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Brief Exercise 16-1 Bonita Inc. issued $3,570,000 par value, 7% convertible bonds at 99 for cash. If the bonds had not included the conversion feature,

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Brief Exercise 16-1 Bonita Inc. issued $3,570,000 par value, 7% convertible bonds at 99 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT

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