Question

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

  1. 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 96, and the warrants were selling for $50 each.

Instructions:

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

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