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Prepare journal entries to record the issuance of the bonds

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Question - AAA issued 2,000, $1,000 bonds at 105. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 95. Each warrant had a market price of $50. Prepare journal entries to record the issuance of the bonds and warrants.

Reference no: EM132526787

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