Prepare journal entry to record the issuance of the bonds

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Question - Barwood Corporation issued 3,000 $1,000 bonds at 102. Each bond was issued with one detachable share warrant. At issuance, the net present value of the bonds without the warrants was $2,970,000. Prepare the journal entry to record the issuance of the bonds and the share warrants.

Reference no: EM132524906

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