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-   -   Gordon Company issues $10,000,000 of bonds with a coupon rate of 8%. To help the sale (https://www.askmehelpdesk.com/showthread.php?t=565250)

  • Mar 25, 2011, 02:02 PM
    Princess_Bean
    Gordon Company issues $10,000,000 of bonds with a coupon rate of 8%. To help the sale
    Gordon Company issues $10,000,000 of bonds with a coupon rate of 8%. To help the sale, detachable stock warrants are issued at the rate of ten warrants for each $1,000 bond sold. It is estimated that the value of the bonds without the warrants is $9,750,000 and the value of the warrants is $450,000. The bonds with the warrants sold at 101.

    What is the journal Entries?

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