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Gurrent Attempt in Progress Vaughn Inc. issued $4,380,000 par value, 7% convertible bonds at...

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Accounting

Gurrent Attempt in Progress
Vaughn Inc. issued $4,380,000 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. (List all debit entries before credit entries. 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
Discount on Bonds Payable
4076466
Bonds Payable
eTextbook and Media
Assistance Used
List of Accounts
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