July 1, 2020, Tealight Company issued 2,000 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. Shortly after issuance the bonds were selling at 97 and the warrants had a fair value of $35. Prepare the journal entry to record the issuance of the bonds and warrants. Calculation Total Fair value of bonds (without warrants)

July 1, 2020, Tealight Company issued 2,000 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. Shortly after issuance the bonds were selling at 97 and the warrants had a fair value of $35. Prepare the journal entry to record the issuance of the bonds and warrants. Calculation Total Fair value of bonds (without warrants)

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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