Question: On April 1 , 2 0 2 1 , ABC Corporation issued $ 3 4 0 , 0 0 0 of 1 5 % bonds

On April 1,2021, ABC Corporation issued $340,000 of 15% bonds at 107. Each $1,000 bo was sold with 40 detachable stock warrants, each permitting the inves or to purchase one share of common stock for $18. On that date, the market value of the common stock was $16 per share and the markeft value of each warrant was $2.
A) Prepare the journal emtry for the issue of the bonds
On April 1,2021, ABC Corporation issued $340,000 of 15% bonds at

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