Question: On September 1 , 2 0 2 5 , Metlock Company sold at 1 0 4 ( plus accrued interest ) 4 , 0 8
On September Metlock Company sold at plus accrued interest of its year, $ 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 $ per share. Shortly after issuance, the warrants were quoted on the market for $ each. No fair value can be determined for the Metlock Company bonds. Interest is payable on December and June
Prepare in general journal format the entry to record the issuance of the bonds. List all debit entries before credit entries. Credit account titles are automatically indented when amount is enteled. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts.
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