Question: On September 1 , 2 0 2 5 , Splish Company sold at 1 0 4 ( plus accrued interest ) 5 , 7 6
On September Splish 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 Splish 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 entered. Do not indent manually. If no entry is required, select No Entry" for the account titles
and enter for the amounts.
Date
September
Account Titles and Explanation
Cash
Bonds Payable
Premium on Bonds Payable
Paidin CapitalStock Warrants
Interest Payable
Debit
Credit
Credit
Premium on Bonds Payable
Paidin CapitalStock Warrants
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