Eisler Corporation issued 2,150 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 97, and the warrants had a market price of $45.
Use the proportional method to record the issuance of the bonds and warrants.
The attached document is what I have so far. It is saying that the values for discount on bonds payable and paid-in capital-stock warrants is incorrect.
dr discount on bond payable 666,651 cr... View the full answer
- if you need any clarification or explanation I am available just confirm if its correct first
- Jul 20, 2016 at 9:56am
- please rate if correct
- Jul 20, 2016 at 10:08am