Hoffman Corporation issued $50 million of 7%, 20-year bonds at 104. Each of the 50,000 bonds was convertible into one shore of $1 par common stock Prepare the journal entry to record the issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place le. 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction lit Journal entry worksheet Record the issuance of the bonds, Notrebts before Event Gone Journal Det Credit Flecedy Clear entry View general journal