Question: Your answer is partially correct. Try again. Sandhill Inc. issued $4,190,000 par value, 7% convertible bonds at 95 for cash. If the bonds had not

 Your answer is partially correct. Try again. Sandhill Inc. issued $4,190,000

Your answer is partially correct. Try again. Sandhill Inc. issued $4,190,000 par value, 7% convertible bonds at 95 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. (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 o for the amounts.) Account Titles and Explanation Debit Credit Cash 4148100 X Discount on Bonds Payable 41900 Bonds Payable 4190000

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