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

This question was answered on Jul 20, 2016. View the Answer

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

Other Answers

relate to this... View the full answer


This question was asked on Jul 20, 2016 and answered on Jul 20, 2016 for the course AC 301 at Kaplan University.

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