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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,

image text in transcribed 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. Required: Compute the answer for each of the four problems. Show supporting computation. No need to show questions

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