Question
2. On April 1, 2020, Sydney Company issued 300 $1,000 bonds at 98. Each bond was issued with three detachable stock warrants. Shortly after issuance,
2. On April 1, 2020, Sydney Company issued 300 $1,000 bonds at 98. Each bond was issued with three detachable stock warrants. Shortly after issuance, the bonds were selling at 96, and the warrants were selling for $50 each.
Instructions: Prepare the entry to record the issuance of the bonds and warrants
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Financial Accounting
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
10th Edition
9780730363217
