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Record the issuance of the bonds and warrants

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Question - Pearl Corporation issued 1,800 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 99, and the warrants had a market price of $33. Use the proportional method to record the issuance of the bonds and warrants.

Reference no: EM132601868

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