TR15-4 Convertible Debt, Mandatory Conversion (LO 15-4) Mecca Energy Corp. issued a convertible bond on 1 August 20X9. The 10-year, 5% $19,000,000 bond pays interest semi-annually each 31 July and 31 January. At maturity, each $1,000 bond is convertible into 120 common shares. The bond was issued for $19,760,000. Market interest rates were approximately 6%. (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Provide the journal entry to record the initial issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your time value to 5 decimal places and your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 Record the entry for issuance of bonds. Note: Enter debits before credits. Transaction 1 Cash General Journal Debit Credit Interest liability on bond Share equity bond - Record entry Clear entry View general journal