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Hoffman Corporation issued $ 6 5 million of 9 % , 1 0 - year bonds at 1 0 6 . Each of the 6

Hoffman Corporation issued $65 million of 9%,10-year bonds at 106. Each of the 65,000 bonds was issued with 15 detachable stock warrants, each of which entitled the bondholder to purchase, for $28, one share of $1 par common stock. At the time of sale, the market value of the common stock was $33 per share and the market value of each warrant was $8.
Prepare the journal entry to record the issuance of the bonds.
Note: Enter your answers in millions rounded to 1 decimal place (i.e.,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.
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