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a chegg.com In or y > STUDENTS Take Test: 335 Midter EPS With ACC 302 Chapter 15 Fl Ch 18 FA Chegg. Study TEXTBOOK SOLUTIONS EXPERT Q&A Search home / study / business / accounting / accounting questions and answers/ (issuance of bonds with detachable warrants) on september 1, 2014, univ... Question: (Issuance of Bonds with Detachable Warrants) On September 1... (Issuance of Bonds with Detachable Warrants) On September 1, 2014, Universal Coat Company sold at 104 (plus accrued interest) 3,000 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 market value can be determined for the Universal Coat Compa bonds. Interest is payable on December 1 and June 1. Bond issue costs of $30,000 were incurred. Instructions ny Prepare in general journal format the entry to record the issuance of the bonds. Expert Answer@ An expert answer will be posted here Practice with similar questions MacBook Air F3 44 FT F5 2 3 4