Hoffman corporation issued 60 million of 5 20-year bonds at


1. Hoffman Corporation issued $60 million of 5%, 20-year bonds at 102. Each of the 60,000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of the bonds.

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Accounting Basics: Hoffman corporation issued 60 million of 5 20-year bonds at
Reference No:- TGS01353359

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