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 ten year, bonds for on January Interest is paid annually. Each $ bond carried a detachable warrant allowing the holder to purchase common shares in MWM at $ 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 On June 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 decimal places, eg and the final answer to decimal places eg If no entry is required, select No Entry" for the account titles and enter 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.begintabularllllhline Date & Account Titles and Explanation & Debit & Credit hline & square & & hline & square & & hline & square & & hline & square & & hline & square & & hline & square & & hline endtabular
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