Splish Inc. issued $$4,490,000$ par value, $7\%$ convertible bonds at $98$ for cash. If the bonds had not included the conversion feature, they would have sold for $95.$

Prepare the journal entry to record the issuance of the bonds. $($List all debit entries before credit entries. Credit account titles are automatically indented when 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

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List of Accounts

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