On May 31, 2014, Core Company issued 1,000, 14%, 10-year $1,000 bonds at 105. Each bond was
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Instructions
(a) Prepare the entry to record the issuance of the bonds and warrants.
(b) Assume the same facts as part (a), except that the warrants had a fair value of $8. Prepare the entry to record the issuance of the bonds and warrants.
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a Cash 1000000 X 105 1050000 Bonds Payable 1000000 Pr...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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