On August 1, 2009, Limbaugh Communications issued $30 million of 10% nonconvertible bonds at 104. The bonds are due on July 31, 2029. Each $1,000 bond was issued with 20 detachable stock warrants, each of which entitled the bondholder to purchase, for $60, one share of Limbaugh Communications’ $10...

I need help with a homwork problem on convertible bonds and stock warrants. I need to present the entries required to record the bond transactions. On Aug 1st 2004, Ryan Corp called its 10% convertible bonds for conversion. The 6,000,000 par bonds were converted into 240,000 shares of 20 par...