Question: can you explain where i went wrong in my process On January I of Year 1. Friday Corporation isued S1.000.000 of 6%. noncomentible bonds dated
On January I of Year 1. Friday Corporation isued S1.000.000 of 6%. noncomentible bonds dated January I with detachable stock purchase warrants at a price of 106 . Each $1,000 bond carrics 20 detachable stock purchase at SI each in the mankel, and the bonds ere quoted at 102 withot the warning meril l7 Required a. Record the entry for issuance of the bonds b. Record the eniry for the subsequent execeise of the 20.000 sock parchise wairants on January 2 of Year 1. Proportional methal b. a. Cosh 1200000 pac-wermin20,16,385
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