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Levi Corp issued $ 1 0 , 0 0 0 , 0 0 0 par bonds for $ 1 0 , 9 0 0 ,

Levi Corp issued $10,000,000 par bonds for $10,900,000. Each bond had twenty warrants attached that entitle the holders to buy preferred stock at a later date. The bonds without the warrants would probably sell at 101. Record journal entries for these scenarios:
a. The market value of the warrants is unknown.
b. Each warrant can be readily sold for about $3

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