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1, On August 1, 2019, United Corporation issued $10,000,000 of 8% convertible bonds at 105. The bonds mature in 20 years. Each $1,000 bond was

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1, On August 1, 2019, United Corporation issued $10,000,000 of 8% convertible bonds at 105. The bonds mature in 20 years. Each $1,000 bond was issued with 20 detachable stock warrants, each of which entitled the bondholder to purchase, for $50, one share of United $5 par common stock. On August I 2019, the market value per share for United stock was $56 and the market value ofcach warrant was $0. Required: Prepare the journal entry on August 1, 2019, to record the issuance of the bonds by United 2. In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2 Reacquired 70,000 shares at $12

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