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Question 8 of 8 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Larkspur Corporation issued 4 , 0 0

Question 8 of 8
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Your answer is partially correct.
Larkspur Corporation issued 4,000, five year, 3% bonds at 103 on January 1,2023. Interest is paid annually. Each $1,000 bond carried
one detachable warrant allowing the holder to purchase 100 common shares in Larkspur at $10 per share, the price at which Larkspur
shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 6%. On June 30,2023,
800 of the bond holders exercised the options to buy the shares.
Prepare the journal entries to record these events. (Round present value factor calculations to 5 decimal places, e.g.1.25124
and the final answer to 0 decimal places e.g.58,971. Credit account titles are automatically indented when the amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select
"No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
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