On January 1, 2021, Gless Textiles issued $12.7 million of 7%,10-year convertible bonds at 102 . The bonds pay interest on June 30 and December 31 . Each $1,000 bond is convertible into 50 shares of Gless's no par common stock. Bonds that are similar in all respects, issue as an investment. Required: Assume Gless Textiles prepares its financial statements according to International Financial Reporting Standards. Prepare the journal entry for the issuance of the bonds by Gless using the net method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Record the entry for the issuance of bonds by Gless under IFRS using the net method. Note: Enter debits before oredits