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Prepare the journal entries for September 1, 2015 Issue bonds with detachable warrants . On September 1, 2015, Bravo issued for $530,000 cash, 500 7%
Prepare the journal entries for September 1, 2015 Issue bonds with detachable warrants . On September 1, 2015, Bravo issued for $530,000 cash, 500 7% five-year nonconvertible bonds dated September 1, 2015. Each $1,000 bond had a detachable stock purchase warrant to purchase 20 shares of $3 par value stock for $10 per share. Immediately after issuance, the warrants had a market value of $45,000, and the bonds were selling at 102 without the warrant
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