Alana Ray issued $85 million of 8%, 15-yr bonds at 102. Each of the 85,000 bonds was

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Alana Ray issued $85 million of 8%, 15-yr bonds at 102. Each of the 85,000 bonds was convertible into one share of $1 par common stock.

Prepare the journal entry to record the issuance of the bonds.

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Intermediate Accounting

ISBN: 9781264134526

11th Edition

Authors: David Spiceland

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Posted Date: Sep 10, 2023 12:57 PM

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Alana Ray issued $85 million of 8%, 15-yr bonds at 102. Each of the 85,000 bonds was

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To record the issuance of the 85 million of 8 15year bonds at 102 al... View the full answer

Intermediate Accounting

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