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On May 1, 2020, Bridgeport Company issued 1,800 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the
On May 1, 2020, Bridgeport Company issued 1,800 \$1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98 , but the fair value of the warrants cannot be determined. (a) Prepare the entry to record the issuance of the bonds and warrants. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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