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Sheffield Inc, has decided to raise additional capital by is determined that to help the sale of without the warrants is considered to be $130,500,
Sheffield Inc, has decided to raise additional capital by is determined that to help the sale of without the warrants is considered to be $130,500, and the value of the warrants in the market is $14,500. The bonds sold in the market at issuance for $157,500 suing $176,000 face value o bonds with a coupon rate of 11%. In discussions with investment bankers, it was the bonds, detachable stock warrants should be issued at the rate of one warrant for each $100 bond sold. The value of the bonds (a) What entry should be made at the time of the Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round intermediate calculations to 5 decimal places, eg. 1.24687 and final answers to O decimal places, e.g. 5,125) issuance of the bonds and warrants? (Credit account titles are automatically indented when amount is entered Account Titles and Explanation Debit Credit (b1) Prepare the entry if the warrants were nondetachable. (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 O for the amounts. Round intermediate calculations to S decimal places, e.g. 1.24687 and final answers to 0 decimal places,e.g.5,125.) Account Titles and Explanation Debit Credit
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