Question: Hall & Company issues $ 1 0 0 , 0 0 0 , 0 0 0 in 6 % bonds with detachable warrants of 1


Hall & Company issues $100,000,000 in 6% bonds with detachable warrants of 10 warrants for each $1,000 bond. The bonds are issued at 99. Record the issuance under the following assumptions: Assume that the fair value of the warrants are $5.00 per warrant and the bonds would have been issued at 96.

Record the issuance of the bonds with detachable warrants

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