Question: Current Attempt in Progress MWM Corporation issued 1 , 5 0 0 , ten year, ( 6 % ) bonds for 1

Current Attempt in Progress MWM Corporation issued 1,500, ten year, \(6\%\) bonds for 102 on January 1,2023. Interest is paid annually. Each \(\$ 500\) bond carried a detachable warrant allowing the holder to purchase 200 common shares in MWM at \(\$ 7\) per share, the price at which MWM shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 7\%. On June 30,2023,150 of the bond holders exercised the options to buy the shares. Prepare the journal entries to record these events. (Round present value factor calculations to 5 decimal places, e.g.1.25124 and the final answer to 0 decimal places e.g.58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)\begin{tabular}{|l|l|l|l|}\hline Date & Account Titles and Explanation & Debit & Credit \\\hline & \(\square \) & & \\\hline & \(\square \) & & \\\hline & \(\square \) & & \\\hline & \(\square \) & & \\\hline & \(\square \) & & \\\hline & \(\square \) & & \\\hline \end{tabular}
Current Attempt in Progress MWM Corporation

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