Question
Please answer asap!! I will thumbs up, please show your work On September 1, 2025, Windsor Company sold 9,720 of its 9%, 15-year, $1,000 face
Please answer asap!! I will thumbs up, please show your work
On September 1, 2025, Windsor Company sold 9,720 of its 9%, 15-year, $1,000 face value, nonconvertible bonds with detachable stock warrants at 102. Each bond carried three detachable warrants. Each warrant was for one share of common stock at a specified option price of $28 per share. Shortly after issuance, the warrants were quoted on the market for $2.30 each. No market value can be determined for the Windsor 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.
Acct titles & explanation | debit | Credit |
NOTICE THERE ARE ONLY 4 SPACES FOR TITLES AND DEBITS AND CREDITS IN THE TABLE. DO NOT PROVIDE MORE THAN 4 TITLES PLEASE!
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