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Prepare the entry to record the issuance of the bonds

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Reference no: EM132319317

Question

On April 1, 2020, Sydney Company issued 300 $1,000 bonds at 98. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 94, and the warrants were selling for $50 each.

Instructions:

Prepare the entry to record the issuance of the bonds and warrants.

Reference no: EM132319317

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