Exercise 16-8 Your answer is partially correct. Try again On September 1, 2017, Bramble Company...
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Exercise 16-8 Your answer is partially correct. Try again On September 1, 2017, Bramble Company sold at 104 plus accrued interest 4,44of its 9% warrants. Each bond carried two detachable warrants. Each warrant was for o 10-year, s,000 face value, no eo verbble bonds ne share of common stock at a specified option price of $12 per share. Shortly after in teachide sto issuance, the warrants were quoted on the market for $4 each. No fair value can be determined for the Bramble Company bonds. Interest is payable on December and June 1. Bond issue costs of $27,000 were incurred. Prepare in general journal format the entry to record the issuance of the bonds. (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.) Account Titles and Explanation Debit Credit Cash Unamortized Bond Issue Costs Bonds Payable Paid-in Capital-Stock Warrants Interest Payable
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