Tony Corp. issued 4,000, $1,000 face value bonds at 102. Each bond was issued with...
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Tony Corp. issued 4,000, $1,000 face value bonds at 102. Each bond was issued with two detachable stock warrants. After issuance the bonds were selling in the market at 97 and the warrants had a fair market value of $25. Prepare the journal entry for the issuance of these securities and please show all work.
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