Solution-Prepare the journal entries for this issuance

Prepare the journal entries for this issuance

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Reference no: EM13513158

A corporation issued 100 bonds, $50 par, each with a detachable stock warrant enabling the holder to purchase 1 share of common stock at $100. The selling price of the package is 102. At the time of sale, the market value of the bonds without the warrants is $48 and the market value of the warrants is $20 each. Prepare the journal entries for this issuance.

Reference no: EM13513158

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Prepare the journal entries for this issuance

Reference no: EM13513158

Reference no: EM13513158

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