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Hoffman Corporation issued $65 million of 5%, 20-year bonds at 104. Each of the 65,000 bonds was convertible into one share of $1 par common
Hoffman Corporation issued $65 million of 5%, 20-year bonds at 104. Each of the 65,000 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 5.5). If no entry is required for an event, select "No journal entry required" in the first account field.)
Journal Entry Worksheet Record the issuance of the bonds.
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