Question
For each of the unrelated transactions described below, present the entries required to record each transaction. 1. Sweet Corp. issued $ 21,800,000 par value 10%
For each of the unrelated transactions described below, present the entries required to record each transaction. 1. Sweet Corp. issued $ 21,800,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the companys investment banker estimates they would have been sold at 95. 2. Pharoah Company issued $ 21,800,000 par value 10% bonds at 98. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $ 4. 3. Suppose Sepracor, Inc. called its convertibl
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