Question: bercise 15-0 Your answer is partially correct. Try again. On September 1, 2020, Coronado Company sold at 104 (plus accrued interest) 4,320 of its 9%,
bercise 15-0 Your answer is partially correct. Try again. On September 1, 2020, Coronado Company sold at 104 (plus accrued interest) 4,320 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each band carried twe detachable warrants. Each warrant was for one share of common stock at a specified option price of $16 per share. Shortly after Issuance, the warrants were quoted on the market for $3 each No fair value can be determined for the Coronado Company bonds. Interest is payable on December 1 and June 1. Prepare in general joumal format the entry to record the issuance of the bonds. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no , select Account Titles and Explanation Debit Crede (Cash 4,594,800 Bonds Payable 4,320,000 Premium on Bonds Parys 151.680 Pald-in Capital in Exces 25,920 Interest Expense 97,200 SHOW LIST OF ACCOUNTS UN TO TEXT Question Attemptsi 1 of used SAVERS LATER SUBMIT
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