2. Hoosier Company issued $20,000,000 par value 10% bonds at 98. Each 10,000 bond was...
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2. Hoosier Company issued $20,000,000 par value 10% bonds at 98. Each 10,000 bond was issued with one detachable stock warrant that entitled the stockholder to purchase 10 shares of stock. The warrants had a FMV of $4 each and the bonds would have sold at 97 if there were no warrants attached. Prepare the journal entry to record this transaction.
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