Question: Pearl Corp. issued $ 1 1 , 0 0 0 , 0 0 0 par value 1 0 % convertible bonds at 9 7 .

Pearl Corp. issued $11,000,000 par value 10% convertible bonds at 97. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 94.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Present the entry(ies) required.
Pearl Corp. issued $11,000,000 par value 10% convertible bonds at 97.

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