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Provide a journal entry-cullumber corporation

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On March 1, 2020, Cullumber Corporation issued $300,000 of 6% non-convertible bonds at 105, which are due on February 28, 2040. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Cullumber's no par value common shares for $50. The bonds without the warrants would normally sell at 94. Cullumber prepares its financial statements in accordance with IFRS.

a) Provide a journal entry

Reference no: EM132421155

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