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On April 1, 2020, Sydney Company issued 300 $1,000 bonds at 98. Each bond was...

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Question

Accounting

On April 1, 2020, Sydney Company issued 300 $1,000 bonds at 98. Each bond was issued with two detachable stock warrants. Shortly after issuance, the bonds were selling at 95, and the warrants were selling for $55 each.

Instructions:

Prepare the entry to record the issuance of the bonds and warrants.

(Please show entries and computations)

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