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3 points Save An On April 7, 2022, Kegin Corporation sold a $2,000,000, 20-year, 8 percent Bond issue for $2,120,000. Each $1,000 Bond has 2
3 points Save An On April 7, 2022, Kegin Corporation sold a $2,000,000, 20-year, 8 percent Bond issue for $2,120,000. Each $1,000 Bond has 2 Detachable Warrants. One Warrant permits the purchase of one share of the corporation's Common Stock for $30. The stock has a par value of $25 per share. Immediately after the sale of the bonds, the corporation's securities hard the following market values 8% Bond without Warrants $2,016,000 Warrants $21 per warrant Common stock $28 per share What accounts should Kegin credit to record the sale of the bonds? Assume Kogin uses a Proportional Method to record bonds and warrants at the date of issu
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