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Eisler Corporation issued 2,150 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant.

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.

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Top Answer

 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
    • patricknoblekaranja
    • Jul 20, 2016 at 9:56am
  • please rate if correct
    • patricknoblekaranja
    • Jul 20, 2016 at 10:08am

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