Archer Inc. issued $4,244,000 par value, 7% convertible bonds at 99 for cash. If the bonds had

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Archer Inc. issued $4,244,000 par value, 7% convertible bonds at 99 for cash. If the bonds had not included the conversion feature, they would have sold for 95. Prepare the journal entry to record the issuance of the bonds.

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Principles of cost accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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Posted Date: Dec 25, 2020 08:00 AM

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Archer Inc. issued $4,244,000 par value, 7% convertible bonds at 99 for cash. If the bonds had

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Principles of cost accounting

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