Practice Exercise 2 Riverbed Corporation sold 220 convertible, 10-year bonds at par for $220,000. Each bond pays 3% annual interest and each bond can be converted to ten common shares at the bondholder's request. When the bonds were issued common shares were trading for $11 per share. The market rate of interest for similar bonds without conversion rights was 596. Prepare the journal entry to record the issuance of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select No Entry" for the account titles and enter 0 for the amounts Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by Practice Exercise 12 On March 15, 2017, Oriole Corporation entered into a forward contract with the local bank to purchase Y94,000 (RMB) for $19,740 Canadian dollars in two months' time. On March 31, Oriole's year-end, the fair value of the forward contract (representing the present value of the contract's future cash flows) was $520. Prepare the journal entries on March 15 and March 15, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Rotontinl your instructor no