On July 1,2017,Behi Corporation issues $100,000 of 10-year,5% convertible bonds for $125,000.Each bond is convertible into 20 common shares.On the date of the issue,the shares had a market value of $50 per share.What is the correct journal entry to record this issue?

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The Answer of On July 1,2017,Behi Corporation issues $100,000 of 10-year,5% convertible bonds for $125,000.Each bond is convertible into 20 common shares.On the date of the issue,the shares had a market value of $50 per share.What is the correct journal entry to record this issue?

On July 1,2017,Behi Corporation Issues $100,000 of 10-Year,5% Convertible Bonds