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Record the issuance of the bonds and warrants

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Question - Whispering Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market price of $43. Use the proportional method to record the issuance of the bonds and warrants.

Reference no: EM132983885

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