Question: Help I System Announcements CALCULATOR PRINTER VERSIONBACK NE XT Exercise 16-8 Your answer is partially correct. Try again. On September 1, 2017, Pina Company sold
Help I System Announcements CALCULATOR PRINTER VERSIONBACK NE XT Exercise 16-8 Your answer is partially correct. Try again. On September 1, 2017, Pina Company sold at 104 (plus accrued interest) 5,520 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two 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 Pina Company bonds. Interest is payable on December 1 and June 1. Bond issue costs of $36,900 were incurred. Prepare in general journal 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 entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Cash 5520000 Bonds Payable Premium on Bonds Payable Bond Interest Expense LINK TO TEXT y accessing this Question Assistance, you will learn while you earn points basedo e Point Potential Policy set by your instructor
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