Question: A) Archer issued $5,000,000 par value, 8% convertible bonds at 99 for cash. If the bonds had not included the conversion feature, they would have

A)Archer issued $5,000,000 par value, 8% convertible bonds at 99 for cash. If the bonds had not included the conversion feature, they would have sold for 95.Write the Journal entry at date of issuance.

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