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What would abc bond issue journal entry on november be

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ABC Corp. issued $5,000,000 of 6%, 5-year, convertible bonds on November 30, 2019 for $5,088,000, plus accrued interest. The bonds were dated September 1, 2018 with interest payable each March 1 and September 1. If the bonds had not been convertible bonds, they would have sold for $4,972,000. Assuming the bond discount is amortized each interest period on a straight-line basis and that interest payable is credited for accrued interest.

Problem 1: What would ABC's bond issue journal entry on November 30, 2019 be?

Reference no: EM132829998

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