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2. Bob Co. offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20. The price paid for 5,00, $1,000

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2. Bob Co. offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20. The price paid for 5,00, $1,000 bonds with the warrants attached was $510,000. The market price of the Bob's bonds without the warrants was $460,000, and the market price of the warrants without the bonds was $40,000. Required: Prepare the journal entry to record the issuance of the bonds

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