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On September 1, 2020, Sheridan Company sold at 104 (plus accrued interest) 3,720 of its 8%,10 yeac, $1,000 face value, noncorvertible bonds with detachable stock

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On September 1, 2020, Sheridan Company sold at 104 (plus accrued interest) 3,720 of its 8%,10 yeac, $1,000 face value, noncorvertible 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 $17 per share. Shortly after issuance, the warrants were quoted on the market lor $3 each. No tair value can be determined for the Sheridan Company bonds. Interest is payable on December 1 and June 1 Prepare in general journal format the entry to record the issuance of the bonds. (Credit occount titles are autamatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of for the amount al

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