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On January 2 2018 Rushmore, Inc. is 8.000 bonds face value 51,000 each, at 108. Each band contains 40 detachable stock warrants, each of which
On January 2 2018 Rushmore, Inc. is 8.000 bonds face value 51,000 each, at 108. Each band contains 40 detachable stock warrants, each of which gives the one the right to purchase one sharof Rashnore $10 per value common stock al 550. The current selling price of common stock is 510 pr share. Rushmore bonds without stock warrants are currently selling for $102.5 Prepare the journal entry to record the sale of the bonds Account Debit Dare Debut Cash kredit Bands Payable Credit PIC-Stock Warrants
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