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Hoffman Corporation issued 885 million of 8%15 year bonds at 102. Each of the 85.000 bonds was convertible into one share of $1 par common

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Hoffman Corporation issued 885 million of 8%15 year bonds at 102. Each of the 85.000 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 milions rounded to 1 decimal place (ie.. 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 list Journal entry worksheet

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