Question: Metlock Corporation issued 2 , 0 0 0 $ 1 , 0 0 0 bonds at 1 0 1 . Each bond was issued with

Metlock Corporation issued

2, 000

1, 000

bonds at

101 .

Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at

99,

and the warrants had a market price of $

38 .

Use the proportional method to record the issuance of the bonds and warrants.

(

List all debit entries before credit entries. 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

0

for the amounts. Do not round intermediate calculations. Round your answers to

0

decimal places, e

.

. 5, 125 .)

Account Titles and Explanation

Debit

Credit

eTextbook and Media

List of Accounts

Attempts: unlimited

Metlock Corporation issued 2,000 $1,000 bonds at 101. Each bond was

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