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3. Estate Corporation issued 2,500 $1,000 bonds at 103. Each bond was issued with one detachable share warrant. At issuance, the net present value of

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3. Estate Corporation issued 2,500 $1,000 bonds at 103. Each bond was issued with one detachable share warrant. At issuance, the net present value of the bonds without the warrants was $2,400,000. Required: Prepare the journal entry to record the issuance of the bonds and the share warrants. (2 Marks)

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