Coyle corp. issued 10000000 par value 10 convertible bonds, Ask an Expert

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Coyle Corp. issued $10,000,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. Expenses of issuing the bonds were $70,000.

What are the journal entries if any.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9438612

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