Hoffman Corporation issued $$60$ million of $9\%,15-$year bonds at $106.$ Each of the $60,000$ bonds was convertible into one share of $$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 $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$ If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$