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On January 1, 2025, Barbie & Ken Inc. issued bonds for $960,000. The bonds include 20,000 warrants giving the shareholder the right to purchase one

image text in transcribedimage text in transcribed On January 1, 2025, Barbie \& Ken Inc. issued bonds for $960,000. The bonds include 20,000 warrants giving the shareholder the right to purchase one common share for $24. The value of the bonds without the warrants attached would be $880.000. On August 14,2026 , a total of 12.000 warrants were exercised. The fair market value of the warrants at this date was $9. Please complete the journal entry below for the excercised of the warrants on August 14, 2026. Please enter debit amounts as positive (io. 1000) and credit amounts as negative le, -1000). hint: we are not paying off the debt, we are only exercising the warrants. - Show a debit balance as positive (Le. 1,000) and show a credt balance as negative (2.e. -1,000). - Please do not round intormediary calculations. Round your final answer to the noarest dollar. - Do not use dollar signs or commas in your answer. - Any accounts not applicabie enter 0 . - Please do not round intermediary calculations. Round your final answer to the nearest dollar. - Do not use dollar signs or commas in your answer. - Any accounts not applicable enter 0

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