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Hoffman Corporation issued $90 million of 9%, 20-year bonds at 106. Each of the 90,000...

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Accounting

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Hoffman Corporation issued $90 million of 9%, 20-year bonds at 106. Each of the 90,000 bonds was convertible into one share of $1 par common stock Prepare the journal entry to record the issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place ie, 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of the bonds Note: Enter debts before credits Event General Journal Debit Credit

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