Question: Nero Solutions Co . issued an $ 8 3 0 , 0 0 0 , 7 % , three - year bond for $ 8

Nero Solutions Co. issued an $830,000,7%, three-year bond for $836,000. The bond pays interest annually, at each year-
end. At maturity, the bond can be repaid in cash or converted to 63,000 common shares at the investor's option. The market
interest rate for bonds of similar term and risk, but that are not convertible, is in the range of 8%.
Required:
Calculate the portion of the bond to be recorded as a liability. (Do not round intermediate calculations. Round your final
answer to the nearest whole dollar amount.)
Provide the entry to record issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry
required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest
whole dollar amount.)
Nero Solutions Co. issued an $830,000,7%, three-year bond for $836,000. The

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