Question: 2, Provide the journal entry to record the first payment of interest on the convertible bond assuming that the bonds pay interest annually. Effective interest

2, Provide the journal entry to record the first payment of interest on the convertible bond assuming that the bonds pay interest annually.

2, Provide the journal entry to record the first payment of interest on the convertible bond assuming that the bonds pay interest annually. Effective interest rate is 11.66%. (Round percent answers to two decimal places of percentage and Round the final answers to nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the first interest payment. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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