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I've gotten this far in the problem however, I don't remember how I computed the other numbers I got correct so if you could workout
I've gotten this far in the problem however, I don't remember how I computed the other numbers I got correct so if you could workout the entire problem from scratch in detail I would appreciate that greatly.
Exercise 16-8 Your answer is partially correct. Try again. On September 1, 2017, Bramble Company sold at 104 (plus accrued interest) 4,920 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Bramble Company bonds. Interest is payable on December 1 and June 1. Bond issue costs of $24,400 were incurred Prepare in general ournal format the entry to record the issuance of the bonds Credit account titles are automatically indented when an oun entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) sentere Dono dent ma uaI n Account Titles and Explanation Debit Cash 5,215,200 Paid-in Capital-Stock Warrants 29,520 Bonds Payable 4,920,000 Premium on Bonds Payable 167,280 Bond Interest Expense SHOW LIST OF ACCOUNTS LINK TO TEXTStep by Step Solution
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