pten Homework Assignment Hoffman Corporation issued $70 million of 5%, 15-year bonds at 102 Each of the 70,000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of the bonds. (Enter your enswers in millions rounded to 1 decimel place (i.e., 5,500,000 should be entered as 5.5). Y no entry ls required for e transaction/event, select "'No journal entry required" in the first account fleld.) View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits. Event General Journal Debit Credit c Prev