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on January Textiles issued s27 milion of 8%, ar convertible bonds at 101. The bonds pay interest on June 30 and December 31. is convertible

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on January Textiles issued s27 milion of 8%, ar convertible bonds at 101. The bonds pay interest on June 30 and December 31. is convertible into shares of Gless's no par common stock. Bonds that are similar all respects, except that they are nonconvertible, currenty are selling at 99 (that is, 99% of face amounty. Century Services purchased 15% of the issue as an investme Required Prepare the journal entries for the issuance of the bonds by Gless and the purchase of the bond investment by Century. (Enter your answers in whole dollars. If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet Record the issuance of the bonds by Gless. Debit Credit General Journal Date January 01, 2016 Enter debits before credits olear ontry

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