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Holfman Corporation issued $80 million of 8%,20-year bonds at 105. Each of the 80,000 bonds was issued with 10 detachable stock warrants, each of which

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Holfman Corporation issued $80 million of 8%,20-year bonds at 105. Each of the 80,000 bonds was issued with 10 detachable stock warrants, each of which entitled the bondholder to purchase, for $20, one share of $1 par common stock. At the time of sale, the market value of the common stock was $25 per share and the market value of each warrant was \$7. Prepare the journal entry to record the issuance of the bonds. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). If no entry is required for a transactlonfevent, select "No Journat entry required" in the first account field. Journal entry worksheet Record the issuance of the bonds. Note: Enter detits before credits

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