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The following are unrelated transactions. Present the required entries to record each of the transactions. Your answer is partially correct. On March 1, 2020,
The following are unrelated transactions. Present the required entries to record each of the transactions. Your answer is partially correct. On March 1, 2020, Crane Corporation issued $350,000 of 5% non-convertible bonds at 106, which are due on February 28, 2040. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Crane's no par value common shares for $50. The bonds without the warrants would normally sell at 95. Crane prepares its financial statements in accordance with IFRS. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually.) Account Titles and Explanation Cash Bonds Payable Contributed Surplus-Stock Warrants eTextbook and Media) Debit Credit 371000
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