(b) Assume the same facts as part (a), except that the warrants had a fair value of $23. Prepare the entry to record the issuance of the bonds and warrants. (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 5 decimal places, eg. 1.24687 and final answers to O decimal places, eg. 5,125.) Account Titles and Explanation Debit Credit Cash 1,938,000 Discount on Bonds Payable 10,888 Bonds Payable 1,900,000 ASA

(b) Assume the same facts as part (a), except that the warrants had a fair value of $23. Prepare the entry to record the issuance of the bonds and warrants. (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 5 decimal places, eg. 1.24687 and final answers to O decimal places, eg. 5,125.) Account Titles and Explanation Debit Credit Cash 1,938,000 Discount on Bonds Payable 10,888 Bonds Payable 1,900,000 ASA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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